Collapse: Ford Motor Co. (NYSE: F), Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL) fell sharply

Apple Inc. (NASDAQ: AAPL) shares lost in value due to general negativity

In brief: Ford Motor Co. (NYSE: F), Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL) continue sinking into the red abyss. Bulls leave the market, feeling a powerful bearish trend.

Google Inc. (NASDAQ: GOOG) is close to 469.90 points, losing -12.25 (-2.54%). Google’s rival – Apple Inc. (NASDAQ: AAPL) – fell to 249.28 points, down -3.79 (-1.50%) in the middle of the trading. Bulls have lost hope.

The car industry is experiencing difficulties as well. Ford Motor Co. (NYSE: F) shares landed to 11.86 points, losing -0.34 (-2.75%). “F” stock has been stuck in a rut for nearly one week worth of trading so far. Ever since descending from a recent high, it has been bound within a ceiling of $13.97 as resistance while dropping from abnormal price action seen yesterday. Hadn’t the aforementioned spike occur, company’s shares would had never managed to drop below Tuesday’s low.

Alex Korneev
2010-08-19 16:44, Economics.

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2 comments к “Collapse: Ford Motor Co. (NYSE: F), Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL) fell sharply”

  1. Alex Says:

    Anna, you should really careful when you call 2035 down a collapse. It is not a collapse but a regular market fluctuation.

  2. Alex Says:

    Correction: Anna, you should be really careful when you call a 2-3% downfall a collapse. It is not a collapse but a regular market fluctuation.

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