Stock Market Volatile As Apple, Macy's, Home Depot, Nvidia Tumble: Weekly Review [Investor's Business Daily]
Apple Inc. (AAPL)
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Source: Investors Business Daily
Related news The new stock market uptrend quickly came under pressure as the Dow Jones, S&P 500 and Nasdaq composite's extended losses continued into the new week. Apple ( AAPL ) plunged as suppliers and analysts pointed to weakening iPhone demand. Retailers suffered broad losses amid a flurry of uneven reports, though Macy's ( M ), Home Depot ( HD ) and Walmart ( WMT ) appeared to deliver good results. Cisco Systems ( CSCO ) rallied on faster growth. Chip giants Nvidia ( NVDA ) and Applied Materials ( AMAT ) issued grim guidance, hurting many related semiconductor companies. Energy stocks sold off as crude oil futures plunged, while natural gas was whipsawed. The retreat from last week picked up steam, with the Dow Jones, S&P 500 index and Nasdaq all falling sharply, signaling a move to market uptrend under pressure. The major averages rebounded from weekly lows, though the Dow Jones and Nasdaq closed down 2.2% and the S&P 500 index 1.6%. Apple was a big loser as several supplier war
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