The volatility continues… After closing the first trading session of the year in the green, U.S. stock futures plunged overnight as Apple cut its quarterly revenue forecast for the first time since 2007. The unprecedented move in the Tim Cook era was prompted by a downturn in iPhone sales in China, which represents nearly 20% of Apple’s revenue. It was also the latest sign of broader economic malaise in the world’s second-largest economy, fueled by trade tensions with the U.S.
*Source: Seeking Alpha
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