Trump says he’s unconcerned about Apple’s China sales warning

Apple warns that disappointing iPhone sales will cause a significant drop in its revenue over the crucial holiday season

The Dow Jones industrial average rose 3.3% to 23,433.16 after gaining 832 during the afternoon. Mnuchin told Bloomberg News in December that the us was "confirming the logistics of several meetings" that could be held with China during the forum. -China trade dispute, a strong report on the market and comments from the head of the US central bank about its interest rate policy all combined to cheer investors.

China's government said trade talks between the US and China will be held Monday and Tuesday.

Cook told investors that the main drag on the firm's performance in China had been a sharper-than-expected slowdown in the country's economy, exacerbated by the impact of trade tensions between Washington and Beijing.

Apple's stock plunged 7 percent to $146.40 in Wednesday's extended trading.

The U.S. government said employers added 312,000 jobs last month.

And it puts us in a very strong position. And Federal Reserve Chairman Jerome Powell said the Fed will be flexible in its plan to hike interest rates.

Thursday's selloff shows how numerous same fears that made 2018 the United States stock market's worst in a decade are still roiling markets.

That data came ahead of Friday's more closely-watched Department of Labour report.

That lifted the annual increase in wages to 3.2 percent, matching October's rise, from 3.1 percent in November.

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Friday, Jan. 4, 2019. Technology companies took their biggest losses in seven years.

In the past, China, the world's second largest economy after the United States, imposed tit-for-tat tariffs on billions of dollars worth of American imports.

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Deputy US Trade Representative Jeffrey Gerrish will lead a delegation to meet Chinese counterparts Monday and Tuesday, China's commerce ministry said in a statement.

Technology and energy stocks are leading the broad gains. Microsoft rose 4.6 percent to $101.90 and Deere gained 5 percent to $151.23. Most of the companies in those industries stand to do better in times of faster economic growth.

After Apple's first revenue warning in almost 12 years, investors also dumped chipmakers and tech stocks and flocked to perceived safe havens like U.S. Treasuries and the Japanese yen.

The S&P 500 index rose 67 points, or 2.8 percent, to 2,515.

Also adding to investor concerns was a report that showed manufacturing activity in USA factories was slowing to its lowest level in two years. Japan's Nikkei returned to trading after a public holiday to drop 2.3% in a delayed reaction to losses across global markets earlier in the week.

"We don't expect that this will be the end to the volatility", she said. We'll see what happens.

Bond prices also changed course and moved sharply lower. That helps banks, as higher interest rates allow them to make bigger profits on mortgages and other loans.

European shares also overcome losses from a day earlier, with Germany's DAX gaining 3.4 percent and France's CAC 40 rising 2.7 percent. Shares of the plane maker surged 5 percent.

In Asia, Hong Kong's Hang Seng jumped 2.2%. South Korea's Kospi added 0.8 percent.

When asked if he was concerned about Apple's revenue cut and share price drop, Trump said: "No, I'm not". Retailers and internet companies rose as well, with Amazon up 4.1 per cent at $1,561 and Google's parent company, Alphabet, rising 4.1 per cent to $1,067. Brent crude, used to price worldwide oils, was up 2 percent to $57.06 per barrel in London.

The dollar strengthened. It rose to 108.27 yen from 107.77 yen. The British pound rose to $1.2740 from $1.2630.

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