Dow Jones Plummets Over 400 Points while Nasdaq Sees Worst Day in 3 Weeks

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Distribution: Dow Jones ends down over 400 points and Nasdaq suffers worst day in 3 weeks as Apple shares slump

The Dow Jones Industrial Average closed down over 400 points on Monday, marking a sharp decline in the stock market. The Nasdaq also witnessed its worst day in three weeks as tech giant Apple saw its shares slump.

In a turbulent day for investors, both the Dow and Nasdaq struggled to maintain gains as concerns over Apple’s performance weighed heavily on the market. The tech sector, in particular, faced significant losses as investors reacted to news of slowing iPhone sales and weaker-than-expected guidance.

Despite early gains in the morning, the market quickly turned bearish as Apple’s shares tumbled. The company’s stock price fell over 3%, significantly impacting the overall performance of the tech-heavy Nasdaq.

Investors were also cautious amid ongoing trade tensions between the US and China, with fears of a trade war escalating further. The uncertainty surrounding global trade relations added to the market volatility, driving down stock prices across various sectors.

Overall, the market experienced a significant downturn, with the Dow Jones closing down 416 points, or 1.34%, and the Nasdaq dropping 195 points, or 2.53%. The S&P 500 also saw losses, closing down 36 points, or 1.12%.

As the market continues to navigate through a challenging economic environment, investors remain cautious about the future trajectory of stock prices. The sharp decline in major indices highlights the underlying uncertainties facing the market, with concerns over corporate earnings and geopolitical risks weighing on investor sentiment.

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