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Google Business NewsOct 30, 2020
October was worst month for the Dow since March as coronavirus was spreading - CBS News
October was worst month for the Dow since March as coronavirus was spreading  CBS NewsStocks just wrapped up their worst week since March  CNNStocks retreat with megacaps mostly disappointing lofty investor expectations  Seeking AlphaDow Jones Today Slumps After Senate Kills Possibility of Stimulus  Money Morning

Google Market NewsOct 30, 2020
Stock Market Rally Dives On Coronavirus Fears, Apple, Microsoft, Facebook, Amazon Earnings - Investor's Business Daily
Stock Market Rally Dives On Coronavirus Fears, Apple, Microsoft, Facebook, Amazon Earnings  Investor's Business DailyDow closes more than 150 points lower as Wall Street posts its worst one-week sell-off since March  CNBCNifty to remain under pressure as US benchmarks fail to recover & futures take further dip overnight  ET NOWStocks retreat with megacaps mostly disappointing lofty investor expectations  Seeking AlphaUS STOCKS-S&P 500, Nasdaq rise af

Yahoo BusinessOct 30, 2020
Apple Loses $450 Billion in Value Since Record on iPhone Woes
(Bloomberg) -- When talking about the biggest company in the world, it's not unusual for there to be eye-popping numbers. But Apple Inc.'s latest superlative is not one investors would like to see.Since becoming the first American company to surpass $2 trillion in market value in August and peaking last month, the iPhone maker has lost $450 billion, wiped out by a 19% slump. The latest bout of selling -- a 5.6% drop on Friday -- took out more than $120 billion alone. Apple's now worth $1.85 trillion and still the most valuable U.S. company, but the amount shaved from its ledger since its September peak is more than the entire market cap of Visa Inc., the seventh largest member of the S&P 500, and greater than the value of Thailand's stock exchange.The drawdown comes as the tech giant reported iPhone sales that missed analysts' estimates and gave no forecast for the holiday quarter. Fiscal fourth-quarter revenue from the iPhone was $26.4 billion, compared to expectations of $27.1 billion.The Nasdaq 100 Index plunged 2.6% on Friday and had its worst week since the coronavirus-induced selloff in March. Disappointing sales forecasts from tech companies like Apple, Twitter Inc. and Facebook Inc. are sparking worries about further growth potential in the names that led this year's rebound.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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