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☆ Wall St slides as services data stokes inflation worries, Apple drags
  + stars: | 2023-09-06 | by ( Shristi Achar A Amruta Khandekar | Shristi Achar A | Amruta Khandekar | ) www.reuters.com   time to read: +4 min
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. "Every Fed governor comes out and says they look for the data and that data point today is definitely something that's a little bit more inflationary." Declining issues outnumbered advancers by a 2.14-to-1 ratio on the NYSE and by a 2.06-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and 24 new lows, while the Nasdaq recorded 32 new highs and 119 new lows. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Segar, Martin, Joe Saluzzi, Susan Collins, megacaps, Johnson, Lockheed Martin, Shristi Achar, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Institute for Supply Management, Traders, Themis, Boston, Nvidia, Treasury, Healthcare, Johnson, HSBC, thefly.com, Federal Reserve, Dow Jones, Lockheed, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, China, Chatham , New Jersey, Bengaluru
☆ Apple's market value falls below $2 trillion for the first time since 2021
  + stars: | 2023-01-03 | by ( ) www.reuters.com   time to read: 1 min
Jan 3 (Reuters) - Apple Inc's (AAPL.O) market capitalization slipped below $2 trillion on the first trading of 2023 as its stock fell nearly 4% following a rating downgrade due to production disruption in China. Apple was the first company to hit $3 trillion in market value on Jan. 3 last year. Exane BNP Paribas analyst Jerome Ramel downgraded Apple to "neutral" from "outperform" with a price target cut to $140 from $180, according to a report by thefly.com. The iPhone maker's shares were down about 4% at $124.65. Reporting by Nivedita Balu in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
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