Major U.S. stock indexes fell on Monday amid developments with the coronavirus situation in China. Yesterday there were mass protests in its largest cities against the authorities' strict restrictive policy to contain the pandemic, which affected the Apple plant located in the country. The negative dynamics could not be prevented by positive financial results of Amazon retailer - at the end of the day the Dow Jones fell by 1.40%, the S&P 500 - by 1.57%, the NASDAQ - by 1.55%.
Apple announced that its production in China would continue to decline due to the unrest at its iPhone plant during the protests. The company is the world's largest manufacturer of American brand smartphones. The market reacted with a 1.5% drop in the company's shares. Amazon, on the other hand, jumped 2% on a forecast for the retail industry, according to which consumer spending on Cyber Monday yesterday could reach $11.6 billion. Sales yesterday reached record highs.