Published On Apr 15, 2024
US sharemarkets fell on Monday, as an early lift from a strong US retail sales report gave way to a jump in US Treasury yields and concerns about rising tensions in the Middle East. Microsoft and Nvidia led declines in the interest rate-sensitive technology space, down between 2% and 2.5%. Apple fell 2.2% after data from research firm IDC showed the company's smartphone shipments dropped about 10% in the first quarter of 2024. Tesla slumped 5.6% after the EV maker said it will lay off more than 10% of its global workforce. Salesforce lost 7.3% on reports that the customer relations software maker was in advanced talks to acquire Informatica. Goldman Sachs gained 2.9% after its first quarter profit beat market estimates. M&T Bank jumped 4.7% after forecasting better-than-expected annual net interest income. Online broker Charles Schwab rose 1.7% after posting mixed first quarter results.
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