Dow falls further Apple cuts guidance

By Jeff Davies

Shares on Wall Street fell sharply in premarket trading on Thursday, after yesterday’s lowered revenue guidance by Apple for its first fiscal quarter of 2019 due to weaker performance in China due to the country’s economic slowdown.

Global growth concerns escalated on the first trading day of 2019 with disappointing PMI data across the globe.

Investors will be looking at the ISM’s manufacturing figures and construction due for after the bell.

The Dow Jones Industrial Average index was down 331 points, or 1.42%. The Nasdaq 100 fell 2.65% in premarket trading, as the S&P 500 contracted by 1.48%.

The euro strengthened 0.26% against the dollar, to go for $1.13750 at 3:33 am GMT.

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