US stock markets close in the red after falling

new York The US stock exchanges closed on Monday after a roller coaster ride with price reductions. The US standard value index Dow Jones went 0.7 percent lower with 31,072 points from trading. The technology-heavy Nasdaq fell 0.8 percent to 11,360 points. The broad S&P 500 lost 0.8 percent to 3,830 jobs.

Traders cited Apple as the reason for the late-trade slide. According to a media report, the iPhone manufacturer wants to put the brakes on costs in certain areas in the coming year. The US company plans to slow hiring and slow spending growth in some business areas in 2023 in anticipation of a potential economic downturn, Bloomberg reports. The changes should therefore not affect all teams. However, Apple is sticking to an ambitious timetable for the introduction of new products for 2023.