Apple shares plunge after downgrade shock – business live

Global stock markets weaken as phonemaker sparks China growth fears
Apple’s shock profit warning sends European shares slidingApple stocks tumble after company cuts forecasts for key quarter 3.25pm GMT US stocks are continuing their downward spiral.The Dow Jones industrial average is now down by 2.4%, or 550 points. The S&P 500 is down by 2% and the Nasdaq down 2.1%. Apple is, unsurprisingly, a big weight in all of them.Comments from the panel reflect continued expanding business stren