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Tech shares, which have been driving US stocks, have started to decline due to concerns over a potential ban on the use of iPhones in some Chinese government agencies.
Megacap tech giants, once the unstoppable engines propelling US stocks to dizzying heights, now face threats to the broader market.
(Bloomberg) -- For months, megacap tech shares powered US stocks to dizzying gains. The market’s engine is now starting to sputter.Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsTrudeau Says No Room for Political Rapprochement With ChinaChina Seeks to Broaden iPhone Ban to State Firms, AgenciesSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackTraders Shun Risk Amid Apple’s $190 Billion Rout: Markets WrapThe latest sign of trouble came from Ap
Dow, S&P, Nasdaq all lower Fed's Christopher Waller fails to rule out more rate rises Goldman Sachs (NYSE:GS) thinks US recession less likely 4:18pm Oil...
A collaberative deal between Saudi Arabia and Russia to reduceoil ouput saw oil prices shoot higher on Tuesday, pressuring stock markets around the world and sending the U.S. dollar soaring.