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MTS Futures News_AM_20181120
· Stocks dropped sharply on Monday as the biggest and most popular technology stocks plunged. Facebook and Apple led the losses.
The Dow Jones Industrial Average fell 395.78 points to 25,017.44. The S&P 500 dropped 1.7 percent to 2,690.73 as the technology sector pulled back 3.8 percent. The tech-heavy Nasdaq Composite lagged, falling 3 percent to close at 7,028.48 as Amazon dropped 5.1 percent.
Apple led tech shares lower after The Wall Street Journal reported the company has cut production orders for the new iPhones unveiled earlier this year. The company's stock fell nearly 4 percent and fell back into a bear market, down 20 percent from its 52-week high.
· European stocks moved lower Monday, amid lingering uncertainty surrounding the U.K.'s future relationship with the European Union and an unfolding scandal in the auto sector.
The pan-European Stoxx 600 finished provisionally down 0.74 percent with most sectors and major bourses in negative territory.
· Shares of Japanese automaker Nissan tumbled 5.5 percent in early trade on Tuesday after its chairman, Carlos Ghosn, wasarrested on Monday over allegations of financial misconduct.
The broader Japanese market fell Tuesday morning, with the benchmark Nikkei 225 down 0.95 percent and the Topix index lower by 0.75 percent.
In South Korea, the Kospi also slipped 0.77 percent.
Reference: Reuters, CNBC
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