“Wall Street dropped on Wednesday after the U.S. Federal Reserve frustrated investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil,” Noel Randewich reports for Reuters.
“In a widely expected decision, the Fed kept interest rates unchanged and it said it was “closely monitoring” global economic and financial developments, but it maintained an otherwise upbeat view of the U.S. economy,” Randewich reports. “‘It sounds like they are unimpressed with what has happened in the markets, that it has been insufficient to change their plans. That’s the takeaway and it’s why the market is going down,’ said Stephen Massocca, Chief Investment Officer of Wedbush Equity Management LLC in San Francisco.”
“The Nasdaq Composite dropped 2.15 percent to 4,469.39. Half of the 10 major S&P sectors were down, led by the tech sector’s 1.9 percent descent,” Randewich reports. “Apple’s shares fell 6.3 percent after the iPhone maker reported its slowest-ever rise in shipments on Tuesday, while Boeing lost 8.9 percent, on track for its biggest fall since August 2011.”
Read more in the full article here.
MacDailyNews Take: Could we see AAPL touch the 80s? Gag us with a spoon.
SEE ALSO:
Apple’s surprising new $20 billion business – January 27, 2016
Jim Cramer: Apple Inc. is set to outperform – January 27, 2016
Apple CEO and CFO see broad global economic ‘weakening’ – January 27, 2015
Most Apple analysts maintain positive ratings, but cut price targets – January 27, 2015
Piper Jaffray: iPhone resume growth in 2016 despite poor macroeconomy – January 27, 2015
Apple highlights services in search of Wall Street’s love – January 26, 2016
Apple reaps $18.4 billion quarterly profit, the largest ever recorded by a single public corporation – January 26, 2016
Apple beats on earnings; sets all-time records for revenue, net income, and EPS – January 26, 2016
MacDailyNews presents live notes from Apple’s Q116 Conference Call – January 26, 2016
Apple beats Street with all-time record quarterly earnings – January 26, 2016
Carter II.
Experience matters.
Conditions will be ripe for Reagan II.
Hope we’re collectively smart enough to elect him.
Your ship of idiots makes a ship of fools look like Rhodes Scholars.
Give it up and shoot yourself in the head idiot, your foot must br perforated by now – bye bye republikkkans.
How quaint! And yet, moronic!
I think it’ll happen. All we need is a majority of voters, voting socialists are still a minority thankfully. I’d love to see Trump vs. Sanders. The latter would get crushed like Mondale in 1984.
How do you know?
Only 40% of Americans bother to vote, so who will turn out this year?
Usually it’s the elderly who vote and demand all kinds of handouts for health care and stuff, but this year they are all set with their Obamacare and all. I think the younger kids who can’t find adequate work or meaningful careers might just turn out this time around. They should anyway. The former middle class is rightfully getting pissed off about being alternately lied to and ignored by both corrupt parties.
But if anyone has any expectations that Trump will do anything good for the economy, jobs, or education, get real. He’s clueless on all that stuff. I would actually give anti-Wall Street Sanders a better chance of winning a nationwide vote. The guy’s economic policies aren’t as wacky as those from the Republican candidates — seriously, look at the details. Sanders wants to put Wall Street back in its place, and judging from the comments on MDN, most people would agree to some serious reform and regulation for that mess.
And what about the Trump supporters? Most of them seem to be enamored with tough talk, yet they can’t articulate how anything Trump says makes sense. They just want someone who will tell them that they are great and that all immigrants, except their forefathers, are bad. But come on, the only people who truly support Trump are militiamen, and aren’t they all going to move to Oregon to join the revolution? They shouldn’t bother voting if they don’t believe in a representative government that is bound by law to serve ALL the people.
First/Then Whatever:
Perhaps you should learn the difference between the federal government and the Federal Reserve bank. Then please comment on the article instead of ALWAYS blaming the chief executives of the federal government for every little thing that happens in the world. That is so juvenile. And no, it’s not an excuse to do so here just because there are equally juvenile idiots on the other side of the aisle. Grow up.
You should check out the 8 Wedding Dresses that Will Shock you, and the top 15 celebrities who are just plain ugly. (Reading MDN ads again). Ohhh look. 20 women who definitely married for money. Wonder what that’s like… I’m so hot I’m worth money. Well I guess the ugly celebrities might have something to say about that.
Now i see what I’ve been missing with Ad-Block! Sounds a lot more informative than the analyst opinions about why Apple is doomed…
Meanwhile Facebook is up 8% after beating the street – and they have nothing to sell..
Wow
Apple has more revenue just in services than Facebook has for their whole business and Apple gets punished.