All articles tagged with #technical correction
Japan's Nikkei 225 Stock Average experienced its largest weekly drop since June 2022, falling 2.7% amid a global selloff in stocks driven by concerns over US interest rates and tensions in the Middle East. The index is approaching a technical correction, dropping 10% below its all-time high, and is now less than 1% away from that level.
Apple's stock has fallen below a key support level, prompting traders to closely monitor its movement. The company's shares have dropped nearly 12% this year, erasing over $300 billion in market value and losing its title as the most valuable US company to Microsoft. Traders are concerned about the broader impact on technology shares, but some analysts believe that as long as Apple's stock doesn't break its multi-year uptrend, the US stock market can continue to rise.