IT’S TIME FOR BLOCKCHAIN AND CRYPTOCURRENCY TO SHINE.

Dow drops 500 points as Apple, Amazon and Facebook fall

The Dow Jones Industrial Average fell 504 points, led by a decline in Apple. The S&P 500 dropped 2 percent as the technology sector pulled back 3.9 percent. The tech-heavy Nasdaq Composite lagged, falling 3.1 percent as Amazon dropped 4.5 percent.
Apple led tech shares lower after The Wall Street Journal reported the company has cut production orders for the new iPhones unveiled earlier this year. The company's stock fell 4 percent and fell back into a bear market, down 20 percent from its 52-week high.
Another WSJ report said Facebook CEO Mark Zuckerberg has adopted a more aggressive managerial style. The Journal said Zuckerberg told 50 of his top executives earlier in 2018 that the company is at war as it receives pressure from lawmakers, investors and users. This report comes after backlash from a New York Times article detailing how Facebook company ignored and then tried to hide that Russia used the platform to disrupt the U.S. election in 2016. Facebook shares fell 5.7 percent on Monday.

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