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US-STOCKS-MARKETS-OPEN
Apple tumbles 8.8% in opening trade as US stocks fall
NEW YORK, Jan 3, 2019 (BSS/AFP) – Shares of Apple plunged at the start of trading on Thursday, weighing on the broader market after the tech giant cut its sales forecast due to weakness in China.
The tech-rich Nasdaq Composite Index fell 1.1 percent to 6,593.58, with Apple shedding 8.8 percent.
The Dow Jones Industrial Average tumbled 1.0 percent to 23,106.83, while the broad-based S&P 500 slid 0.7 percent to 2,492.77.
BSS/AFP/MMA/2041HRS