IPhone 14 Pro models are promoted outside Apple Inc.’s flagship store in Shanghai, Oct. 13, 2022.
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It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. While recovering a bit on Friday, shares of Club name Apple (AAPL) lost more than 5% this week, taking the Dow, the S&P 500 and the Nasdaq with them. Investors are wondering if the September stumble on Wall Street will continue into next week when three big things — major events, inflation data, and companies reporting their quarterly results late in the cycle — take center stage.
