According to CNN, US stocks dropped sharply on Thursday morning after Apple warned it will badly miss its quarterly sales forecast because of weakening growth and trade tensions in China.
Apple (AAPL), among the world's most widely held stocks, plummeted 10% and fell to the fourth-biggest public company behind Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL).
The news sent shudders through global markets. The Dow declined 650 points, or 2.8%, while the S&P 500 retreated 2.4%.