A key stock index of technology giants, the NYSE FANG+, fell 2.8% yesterday, one day ahead of Apple reporting its fiscal Q3 earnings …
The WSJ reports that the one-day fall set a new record.
While the slide does represent nervousness around the tech sector as a whole, there’s no suggestion that AAPL is a specific influence, investors expecting the company to hit its guidance and reveal modest growth in iPhone sales when it reports its earnings later today.
AAPL fell 0.6%, likely as a result of the general disquiet around tech stocks.
- AAPL earnings: the key commentary analysts are waiting to hear
- Analysts predict Apple will hit Q3 2018 earnings guidance, but attention has already shifted to FY19
- Wall Street consensus is that AAPL will announce iPhone sales up 2.4% year-on-year
- AAPL earnings: Analysts estimate iPhone X accounted for 25% of sales, boosting ASP
Image: FT
