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Dow Falls 188 Points On Apple Slide While Tech Bounces Before Midterm Results
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
The Nasdaq Composite gained 0.4% on Tuesday as investors bought back into technology stocks ahead of the US midterm elections. The Nasdaq-100 added 0.5% but remains in correction, more than 10% below its recent peak. The S&P 500 edged up 0.1%, while the Dow fell 188 points, or 0.4%, as Apple slid 3% on a weak margin outlook and soft iPad sales. Chipmakers led the recovery. Micron climbed 4%, and Nvidia, AMD, Broadcom and Intel each rose about 3%. Oil eased on hopes of progress in US-Iran talks, with Brent down 1% near $103 and US crude slipping below $95. Prediction markets give Democrats about a 75% chance of winning the Senate. A Democratic sweep could hit AI stocks on Wednesday, while a Republican hold may lift markets.
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