Apple and Microsoft Drag Nasdaq Down

  • The new coronavirus vaccination plan continues to advance in many countries, and the US Senate will vote on a new rescue plan worth 1.9 trillion US dollars as soon as this week.
  • Under the drag of technology stocks such as Apple and Microsoft, the Dow and the benchmark index have repeatedly softened, and the Nasdaq has fallen by 1%
  • With a global economy still teetering on the brink of economic collapse, investors are now focusing more on stocks that have higher growth potential.

The Dow had reported 31440 points, down 95 points or 0.3%. Earlier, the decline reached 140 points, and it was temporarily low at 31,395 points. The S&P 500 index is currently reported at 3879 points, giving up 22 points or 0.57%. The Nasdaq reported 13,453 points, a fall of 135 points or 1%. Apple shares fell 1.58%, temporarily the worst-performing Dow component stock; Microsoft both fell 1.35%.

Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.

Under the drag of technology stocks such as Apple and Microsoft, the Dow and the benchmark index have repeatedly softened, and the Nasdaq has fallen by 1%. Zoom’s performance in the fourth quarter was better than expected, and the first quarter’s forward look was better than expected. The stock price once rebounded by 7.4%, and the current increase has narrowed to only 0.5%.

The new coronavirus vaccination plan continues to advance in many countries, and the US Senate will vote on a new rescue plan worth 1.9 trillion US dollars as soon as this week. Investors are optimistic about the economic recovery.

The US 10-year bond yield softened, temporarily at 1.423%, down 0.33 basis points. Market participants will continue to pay attention to the views of Fed officials on the recent rise in debt yields.

The SEC chairman’s nominee, Gary Gensler, will testify to the Senate Banking Committee; Federal Reserve Board Director Lael Brainard will address economic prospects and issues through an online conference hosted by the American Association for Foreign Relations. Monetary policy issued a talk.

Many have speculated that the lack of interest in the company’s mobile products is related to how corporate communication and technological infrastructure has been neglected over the last few years. Some analysts have also speculated that the lack of a blockbuster hit could be linked to the current political chaos. Regardless of the reasons why investors are losing confidence in the iPhone and iPad, it does represent an extreme danger to the financial system if this trend continues.

With a global economy still teetering on the brink of economic collapse, investors are now focusing more on stocks that have higher growth potential. As the recent stock market crash proved, top companies do not emerge overnight. This means that investors need to remain patient and remain invested in the market. If a company does emerge as a breakout star, it will most likely suffer a short amount of time before fading out of the spotlight. Right now, the Apple and Microsoft products do not appear to meet these criteria.

The market has also been trending downward due to other factors that should be considered. Economic reports released every month tend to mask a lot of positive or negative news for a particular stock. The numbers can sometimes be skewed by accounting guidelines that can artificially inflate stock value. As such, a simple market analysis can sometimes prove faulty when combined with other numbers.

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.

These days, companies that create cutting-edge technology products are typically considered too risky to invest in the stock market. However, there is one company out there that provides an alternative to the tech world that is making waves in the tech world. Apple, Microsoft, and Google were all once small companies. Now they are huge companies. What gives them the edge? A combination of strong branding and a quality product line.

It is impossible to pinpoint one single reason that Apple and Mozilla have enjoyed such phenomenal growth over the last few years. There are dozens of reasons that attribute to this surge in popularity, but a big part of it involves their amazing track record in creating consumer products that solve problems. While analysts may wish to cast doubt on whether Apple can continue to create these masterpieces, there is no doubting their ability to take existing products and make them even better over time.

For instance, Apple has consistently come up with new and innovative ways to interact with its users. They have also developed groundbreaking devices that take advantage of the Internet. Their recent announcement of taking the Safari mobile operating system to the iPhone set the bar for smartphones that will not only redefine how people use their phones but also become something that people will carry around with them forever.

Benedict Kasigara

I have been working as a freelance editor/writer since 2006. My specialist subject is film and television having worked for over 10 years from 2005 during which time I was the editor of the BFI Film and Television.

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