'Don't count out the tech sector in 2023' -strategist

STORY: The tech-heavy Nasdaq index was down for the fourth straight session on Wednesday, dragged lower by a 1.3% drop in Apple Inc on Morgan Stanley's iPhone shipment target cut and a 3.9% fall in Tesla Inc over production loss worries.

Ball said Apple was likely to continue to be a "tepid performer" after the world's most valuable company warned that disruptions at factories in China were expected to impact shipments of iPhone in the holiday quarter.