Why Apple Stock Fell News And Detail 2020
The Coronavirus, which started in Wuhan, China in December 2019, soon appeared in many countries. The virus, which caused thousands of lives to die, also began to affect the economy significantly. Companies that have difficulties in production, on the other hand, face share decreases. Finally, there was a news item about Apple shares.
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Apple shares drop
A pandemic was recently announced for the Coronavirus. All these developments have had a negative impact on Apple shares. In less than a month, the company’s shares fell 25 percent. Apple stock opened on Monday, March 16 at $ 241.95. It reached the highest value of $ 253.48.
BREAKING: All U.S. stocks halted as S&P 500 plunges 7% https://t.co/SW5sJS1gxf pic.twitter.com/wKDDBUvl1c
— CNBC Now (@CNBCnow) March 16, 2020
Fed (the Federal Reserve), which wanted to reduce the impact of the outbreak, recently cut its interest rate for the second time. However, this was not enough to calm the markets. After more than 7 percent decrease in Standart and Poor 500 (S&P 500), the circuit breaker was put into operation. Transactions were stopped for 15 minutes.
The Apple stock price closed at $ 327.20 on February 12. As a result of all these developments, the company’s shares fell by 25 percent in less than a month.
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