IT companies' stocks dropped to the annual minimum
US exchange indexes have fallen down to the year minimum during the last few days, according to the Bloomberg and stock market overview.
Nasdaq Composite lost 117,6 items to the 6910,85 point at 9:30 pm London time on November 20.
Dow Jones Industrial Average has shown the minimum amount to the 24 368, but at 9:35 pm London time it decreased was reduced by 529,52 items (2,12%) to the 24 487.
Standard & Poor's 500 deprecated by 42,77 items which comprised approximately 1,6% to 2647,88 at 9:35 pm London time and had shown 2631,2 items minimum before the session closure of the session.
Facebook, Amazon, Apple, Netflix and Google Alphabet shares had been falling during a few last weeks including the session of November 20. Top 5 biggest tech companies have lost $1,02bn together and appeared in the red zone. The current decrease amounts 20% against to 52-week maximum.
Huge technology companies have lost the confidence of investors due to the slowing growth of the income and scandals related to user data security.
Apple stocks lost 4,9% and stopped at $178,63 per one at 9:45 pm London time on November 20. The main reason is the fear of iPhone sales decline.
"In addition to weakness in demand for Apple's products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received," Godman expert Rod Hall said on Tuesday.
Facebook shares added 0,65% to $132,41 against to results of the previous session. Even Amazon stocks haven`t been untouched by the falling the company lost 0,72% (5,1% was the day before) to the 1501,83 at 9:45 pm on November 20. And, of course, Alphabet and Netflix have not been an exception and shown the reduction.
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