Home / Tech News / Apple dropped 2.5%, Google 3.7%, Facebook 4.6%, Microsoft 3.2%, as most tech stocks close down for the day after morning sell-off and midday recovery…

Apple dropped 2.5%, Google 3.7%, Facebook 4.6%, Microsoft 3.2%, as most tech stocks close down for the day after morning sell-off and midday recovery…

By Tiernan Ray Apple ( AAPL ) shares ended Monday’s wild session down $2.61, or 2.5%, at $103.15, after briefly going into the green  following a plunge of 13% for the day. The Nasdaq Composite Index ended the day down 179.79 points at 4,526.25, a 3.8% decline, about the same as the Dow and slightly less bad than the S&P 500′s 3.9% drop. Even stocks that followed Apple’s lead and turned in brief gains saw their shares sell off again going into the close: Alibaba Group Holdings ( BABA ) lost $2.38, or 3.5%, to close at $65.80; Google ( GOOGL ) ended down $25.92, or 4%, at $618.11; Facebook ( FB ) closed down $3.97, or 4.6%, at $82.09; Intel ( INTC ) was down 27 cents, or 1%, at $26.29; Microsoft ( MSFT ) sold off $1.36, or 3.2%, to close at $41.71; IBM ( IBM ) closed down $5.38, or 3.6%, at $143.47; Netflix ( NFLX ) fell $7.08, or 7%, to close at $96.88.

Read the article:
Apple dropped 2.5%, Google 3.7%, Facebook 4.6%, Microsoft 3.2%, as most tech stocks close down for the day after morning sell-off and midday recovery…

About Tech News Reporter

Check Also

oBike is closing its dock-less bike-sharing service in Singapore

Singapore’s upcoming licensing for dock-less bike-sharing services has claimed its first scalp after oBike — a Singapore-based company run by Chinese founders — announced that it would cease its service in the country ahead of the implementation of regulations. The Land Transport Authority (LTA) is introducing measures to protect Singapore’s streets from a glut of bicycles left all over the place, as photo essays from China and beyond have cautioned can happen. oBike launched its service at the beginning of 2017, and it claims over one million registered users but still it will end its service today, June 25. oBike said it will continue to run operations in other markets, although it hasn’t said if/when it will refund Singapore-based users with the deposits that they paid upon registration. “oBike strongly believes and is committed to provide sic dock-less bicycle sharing service that would benefit users’ commuting and Singapore’s transportation system, however it is with regret that the new regulation measures do not favour this belief of ours,” the company said in a statement  that posted to Facebook. This move comes weeks after oBike exited Melbourne in Australia following issues with regulation. oBike has directed its customers to the newly-launched bike service from ride-hailing giant Grab, which went live in March , although that service has temporarily paused new user sign-ups. Other alternatives in Singapore also include services from Chinese duo Ofo and Mobike. Grab is actually an investor in oBike, as TechCrunch reported last year , after taking part in its $45 million Series B round that was announced in August 2017.

Leave a Reply

Your email address will not be published. Required fields are marked *