The S&P 500 and Nasdaq both saw declines on Thursday, with Apple and chip stocks being the main contributors. Concerns over China’s restrictions on iPhone use by state employees caused Apple’s shares to fall, resulting in a decline in the technology sector. Additionally, a drop in weekly US jobless claims raised worries about interest rates and inflation.
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S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters
The S&P 500 and Nasdaq both saw declines on Thursday, with Apple and chip stocks being the main contributors. Concerns over China’s restrictions on iPhone use by state employees caused Apple’s shares to fall, resulting in a decline in the technology sector. Additionally, a drop in weekly US jobless claims raised worries about interest rates and inflation.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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