Stocks

The latest on developments in financial markets (all times local): 10:20 a.m.

Stocks take a beating after iPhone sales slip; Dow falls 660 NEW YORK (AP) — Stocks tumbled Thursday on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales are slipping in China.

Airlines are getting pummeled after a major carrier trimmed its revenue expectations for the fourth quarter.

Bristol-Myers Squibb is buying Celgene in a cash-and-stock deal valued at about $74 billion.

Facebook shares lost more than 25 percent in 2018, the first down year since the company went public in 2012.

Stocks went into a steep slide Thursday after Apple sent a shudder through Wall Street with word that iPhone sales in China are falling, reinforcing fears that the global economy is weakening.

“From our standpoint, we would love to see Apple go down in price,” the Berkshire Hathaway chair said in May.

The past year felt dismal for investors.

The Latest on sales at Apple Inc., which issued a rare cut to its revenue forecast citing weakness in China (all times local): 9:15 a.m.

The warning was the big company's first since 2002.

Asian markets were mixed on Thursday after tumbling more than 1 percent on the first trading day of 2019.

Most of the revenue drop will stem from lower iPhone sales, China’s slowing economy and trade tensions between China and the U.S.

Apple has worst day in six years.

Global stocks are falling to start 2019 after more shaky economic news from China.

___ The stock market starts off 2019 with more turbulence NEW YORK (AP) — Stocks finish the first trading day of 2019 with small gains as a roller-coaster ride continues for the market.

Tesla says it delivered over 245,000 electric cars and SUVs last year, nearly as many as all previous years combined.

Stock and credit markets around the globe are flashing a danger signal.

The roller-coaster ride on Wall Street resumed on Wednesday as stocks plunged at the start of the first trading day of the new year, then slowly recovered and finished a little higher.

The latest on developments in financial markets (all times local): 9:35 a.m.

Asian stock markets tumbled Wednesday as 2019 trading began with news of weaker Chinese manufacturing.