The release of the iPhone 11 has cemented Apple’s (AAPL) bull-run in the stock market. iPhone 11 demand has also caused the company to hit $1.04 trillion market capitalization.
FedEx released its official report for the end of its first fiscal quarter and the figures fell below expectation, driving FDX stock down almost 10%. The company has now lowered its earning expectation for next year.
As the trade war between the U.S. and China continues to rage, US stocks including the Dow Jones, Nasdaq and the S&P 500 are currently taking a hit affecting retail stocks with no current hope for recuperation.
In September Nike will release a new line of its Huarache shoes but this time, they will be equipped with FitAdapt technology, allowing users to control the lacing via a mobile app or through Siri. Nike has not yet set a price.
The Dow Jones Industrial Average fell 800 points on Wednesday. Investors sound their deep concerns about an upcoming recession.
It has been announced that the previously announced tariff on Chinese goods is postponed from September to December. It has a positive impact on the Dow Jones index.
Stock markets including the Dow and Nasdaq were hit with losses after U.S. President Trump announced a 10% increase in tariffs of about $300 billion worth of Chinese imports. Several retail stocks were also affected.
Many financial experts believe that the G20 summit, which recently ended in Osaka, Japan, should bring a multilateral decision on cryptocurrency regulation. The cryptocurrency market is proving that it is here to stay by growing almost +150% only this year.
Following the news on the stock exchange market’s involvement with cryptocurrencies, Cryptoindex enters into a partnership agreement with Reuters, Bloomberg and Tradingview.
The Dow Jones Industrial Average is up 329.74 points. Stocks strengthened worldwide as strong manufacturing data out of the world’s second-largest economy helped allay investor concern about a slowdown in global growth.