# Apple, trade woes sink stocks; growth worries drag on dollar

> World stocks fell on Monday after reports that Apple cut iPhone production orders, and US-China trade tensions weighed on sentiment. APEC failed to issue a joint communique for the first time, and the US Vice President said tariffs on $250 billion of Chinese goods would remain. The Dow fell 1.56% and the S&P 500 fell 1.66%.

- Date: 2018-11-19 · published 2018-11-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62249-apple-trade-woes-sink-stocks-growth-worries-drag-on-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising trade tensions and weaker equities raise risk-off demand for the dollar and weigh on growth-linked commodities. Escalation could slow Chinese demand for US farm products.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-01 | [Sterling falls to 21-month low vs dollar amid growth worries](https://feedsoft.ai/events/42082-sterling-falls-to-21-month-low-vs-dollar-amid-growth-worries.md) | +0.3% | -1.0% |
| DXY | 2016-11-10 | [Dollar gains against yuan on Trump policy worries](https://feedsoft.ai/events/7739-dollar-gains-against-yuan-on-trump-policy-worries.md) | +1.9% | +2.3% |
| DXY | 2018-09-28 | [Dollar does well Friday thanks to GDP growth](https://feedsoft.ai/events/63281-dollar-does-well-friday-thanks-to-gdp-growth.md) | +0.6% | +1.3% |
| DXY | 2018-09-28 | [Australian dollar drops on greenback strength, stocks rise - ABC News](https://feedsoft.ai/events/63297-australian-dollar-drops-on-greenback-strength-stocks-rise-abc-news.md) | +0.6% | +1.3% |
| DXY | 2022-06-13 | [Rand drops as dollar rises on slowdown worries - Moneyweb](https://feedsoft.ai/events/41266-rand-drops-as-dollar-rises-on-slowdown-worries-moneyweb.md) | +1.0% | +2.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/apple-trade-woes-sink-stocks-growth-worries-drag-on-dollar-118112000084_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.