1) Tech stocks dropped 5%, the worst drop in seven years. This prompted warnings to expect another 5% drop.
2) Apple is pulling the stock markets down because of it’s drop in sales, in particular I-phones sales in China. Slow sales are blamed on high prices for Apple phones coupled with China’s declining economy.
3) Recent survey finds that 51% of American young people favor socialism, a growing number as more young people are pushed out of the economic system unable to make substantive contributions to society.
4) 3 JAN 19 Stock market closings:
Dow 22,686.22 down 660.02
Nasdaq 6,463.50 down 202.43
S&P 500 2,447.89 down 62.14
10 Year Yield: down at 2.55%
Oil: down at $46.98