Apple shares lead US stocks lower (Getty)
US stocks on Thursday gave up most of Wednesday’s gains, and the S&P 500 index hit its lowest levels in 2022, as fears grew that the Federal Reserve would continue to raise rates Benefitunconcerned to approach US economy From slackor already in it.
The S&P 500 index fell more than 2%, affected by the loss of the company’s share Camela factory of Mac computers and iPhone smartphones, nearly 5% of its value, also reaching its lowest level since 2020.
The decline in the stock, which is of great importance in the US market, and its trading value is often among the highest trading values in the US market on most days, came after Bank of America lowered its expectations for it. Apple’s stock alone represents more than 7% of the value of the S&P 500 index.
The benchmark index in the US market was not alone in the red, as the Dow Jones Industrial Average also lost more than 1.5% of its value, while the losses of the Nasdaq Index, most affected by interest rate changes, amounted to 2.84% of its value.
The three major stock indices are close to ending an unpleasant month, in which the Nasdaq lost more than 9%, while the other two, the Dow Jones Industrial Average and the S&P 500, were more than 7%. September was the worst month of the year for the S&P 500 on average since 1950.
lost oil Crude from Brent and US West Texas is close to 1%, as markets await the next meeting of oil ministers on October 5th.
As we approach the end of the week, and after major turmoil, the British pound has regained some confidence and surpassed $1.11, moving away from Monday’s all-time lows (1.0327).
Also, the Japanese yen, the Chinese yuan and the euro rose, after earthquakes that caused currencies losses against the dollar, early this week.