Stocks tumble as Apple, Amazon, Facebook fall

[Yo_Mama_Been_Loggin]

Stocks dropped sharply Monday as some of the largest technology shares pressured the broader market.

The Dow fell 500 points, led by a decline in Apple. The S&P 500 dropped 2 percent as the technology sector slumped. The tech-heavy Nasdaq lagged, falling 3 percent as Amazon sank.

Apple led tech shares lower after The Wall Street Journal reported the company has cut production orders for the new iPhones unveiled earlier this year. The company's stock fell more than 3.5 percent and fell back into a bear market, down 20 percent from its 52-week high.

Another WSJ report said Facebook CEO Mark Zuckerberg has adopted a more aggressive managerial style. The Journal said Zuckerberg told 50 of his top executives earlier in 2018 that the company is at war as it receives pressure from lawmakers, investors and users. This report comes after backlash from a New York Times article detailing how Facebook company ignored and then tried to hide that Russia used the platform to disrupt the U.S. election in 2016. Facebook shares fell 5.6 percent on Monday.

https://www.msn.com/en-us/money/markets/stocks-tumble-as-apple-amazon-facebook-fall/ar-BBPRSnz

Tired of winning yet?

[beachbum bob]

1. The falling real estate market, rising interest rates and overvalued markets

Created by taxcuts that allowed stockbuy backs which increase stock value entirely separate from stock performance. Throw in trade wars, tariffs and a president who can't tell the truth.

All the rest is noise and we haven't yet begun the true correction.

[Revanchist]

2. I can get a laptop for less than the cost of an I Phone

I'll spend a quarter of the price on a reliable Android before I get an Apple product.

[blueinredohio]

3. I, for one am glad to see Facebook stock dripping.