Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Apple and Nvidia weighed down Wall Street

» Updated: 17 September 2024, 21:17

» Published: 16 September 2024

Apple and Nvidia weighed down Wall Street
Photo: Juliana Yamada/AP/TT

The New York stock exchange was weighed down on Monday by falling prices in some of the technology giants. Apple fell 2.8 percent, possibly as a result of reports of weak demand for the iPhone manufacturer's latest phone model. The semiconductor company Nvidia, another heavily weighted index share, fell 2.0 percent.

On the other hand, the software company Oracle rose, having already risen sharply last week. The share now rose a further 5.1 percent.

Boeing, where over 30,000 employees have been on strike for better wages since Friday, announced comprehensive cost cuts on Monday. Among other things, the aircraft manufacturer is stopping all new hires. The market reaction was moderate: the share fell 0.8 percent.

Overall, the leading indexes on Wall Street moved in different directions. The broad S&P 500 rose 0.2 percent and the Dow Jones industrial index increased 0.6 percent, while the technology-heavy Nasdaq fell 0.5 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Calm opening expected on the stock exchange
1 MIN READ

Calm opening expected on the stock exchange

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night

Bitcoin hits new record
1 MIN READ

Bitcoin hits new record

Upward trend on the New York Stock Exchange
1 MIN READ

Upward trend on the New York Stock Exchange

Colombia Buys Jas Gripen
2 MIN READ

Colombia Buys Jas Gripen

Now more wind power on land is required
2 MIN READ

Now more wind power on land is required

High Pressure Causes Electricity Prices to Soar
1 MIN READ

High Pressure Causes Electricity Prices to Soar