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Key takeaways
- The Nasdaq is set to close 2% down this week
- Apple is usually climbing right now, but a Chinese iPhone ban has left the stock shaky
- Concerns over China’s economic growth and U.S. inflation are weighing on all of the major indexes
After a stellar run for the rest of the year (bar August), the Nasdaq has been dragged downwards this week. A series of concerns are weighing on the tech-heavy Nasdaq, as well as the other major indexes, with all three set to finish with a weekly loss.
With the stock market, you win and lose some, but investors are concerned this is the beginning of a longer trend after August’s dismal performance. Apple’s share price has been collateral damage by China’s economic slowdown and now escalating tech tensions between the U.S. and China.
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