{"id":196,"date":"2017-12-19T14:49:05","date_gmt":"2017-12-19T14:49:05","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=196"},"modified":"2017-12-21T14:53:23","modified_gmt":"2017-12-21T14:53:23","slug":"apple-shares-capable-manipulating-us-markets","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/apple-shares-capable-manipulating-us-markets\/","title":{"rendered":"Apple shares are capable of manipulating US markets"},"content":{"rendered":"

Apple is one of the most popular stocks on the Wall Street stock market and is on a rising trend.<\/strong><\/p>\n

The US stock market fell on Tuesday, following the decline of Apple Inc. shares, which led to a significant drop in the technology market. The Dow Jones industrial average fell 29 points while the S% P 500 index dropped by 0.2%. The Nasdaq Technical Index also fell by 0.5%.<\/p>\n

Apple’s 1.1% drop comes after Nomura Instinet has lowered their rating of Apple shares from \u201cBuy\u201d to \u201cNeutral\u201d, claiming that \u201cThe stock’s gains for the iPhone X supercycle are in the late innings.\u201d<\/p>\n

The technology sector has been one of the best performing sectors in the stock markets since the beginning of 2017, rising nearly 40% this year alone. Thus, even if the sector’s shares fall, investors use this decline as a signal to take their profits at the end of the year.<\/p>\n

Investors were also reluctant to trade after the raise in prices in anticipation of the tax overhaul, which House members are expected to vote on Tuesday in the United States. The law will reduce the tax rate on federal companies from 35% to just 21%. Wall Street has always been betting on this reduction throughout this whole year, bringing stock prices to record highs.<\/p>\n

Some analysts have suggested that lowering the corporate tax rate would bump up the bottom line for most of the participants in the S% P 500 index, who on average pay 27.4 percent of their income to the government.<\/p>\n

On Monday, the three major indexes closed at record highs, and the Nasdaq index was at 7,000 points for the first time in its history but briefly.<\/p>\n

The year of 2017 is notable for the major indices in the United States, with the Dow Jones index going up by 25.5%, the S&P 500 index 20.2% and 29.9% for Nasdaq.<\/p>\n

Darden’s shares rose 5.6% after the company reported earnings that exceeded their expectations. Navistar truck maker also rose 9.5% after quarterly earnings were higher than expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple is one of the most popular stocks on the Wall Street stock market and is on a rising trend. The US stock market fell on Tuesday, following the decline of Apple Inc. shares, which […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63,3,4],"tags":[73,66,14,22,10,58,47],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/196"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=196"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/196\/revisions"}],"predecessor-version":[{"id":198,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/196\/revisions\/198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/197"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}