The stock market has been struggling to make a major recovery, as some of the biggest stock options fail to make any major strides. Despite seeing major gains on Tuesday of at least 3.0%, both the NASDAQ and S&P 500 saw major losses.
The continued downward trend is greatly affecting investor sentiments, as they feel discouraged to make any major investments. This is leading to a downward spiral where the market will not recover since investors don’t feel confident in their respective markets, which will further lead to spiraling prices.
And one of the major companies to fall from its place at the top was Apple, with shares declining by 12% in as little as a month. Prices per share have dropped to $138 per share, which stands as a vivid example of how the stock market is currently struggling.
The S&P 500 and the NASDAQ Continue to Drop
One of the major concerns that investors have had about the stock market is that they don’t see a definitive low point for it. With the current downward trend of the industry investors can’t see just how low it will fall, and just how bad things can get.
The NASDAQ and the S&P 500 have seen a continued decline with very few signs of slowing down any time soon. While they rise by a small percentage on Tuesday, they eventually fell again and have since lost any progress they made.
With prices in this constant free fall, some investors are still waiting for the market to rebound, but others have cut their losses and moved on.
Constant Interest Rate Hikes Affecting Companies the Most
As a result of the constantly dropping prices, the Federal Reserve has hiked its interest rate several times, especially to keep up with inflation. Although most companies have been struggling as a result of the current socioeconomic situation, Apple has seen a very sharp sell-off.
The most obvious factor that has contributed to Apple losing it’s value over the past few weeks is that the launch of the iPhone 14 did not go as successfully as they hoped. Despite being their newest phone, demand has seen a significant decline.
It is likely that many of the people who would otherwise buy the newest phone struggle to do so because they are struggling to make ends meet.
Will the Stock Decline or Will it Rise?
Apple has seen sharp drops in its stock price before in its history, with investors mostly concerned as there is an equal chance that the price will rise as it will fall. However, they are hoping that Apple will rise since it could be a big boost to the NASDAQ.
The information provided on this website should not be interpreted as financial or investment guidance and may not embody the perspectives of Forex Tools Trader or its contributors. Forex Tools Trader does not hold responsibility for any financial setbacks experienced due to the use of information provided on this website by its writers or patrons. It's essential to thoroughly investigate and make informed decisions before entering any financial commitments, particularly concerning third-party reviews, presales, and similar ventures. The content you are viewing may be sponsored content, read our full disclaimer to learn more.