Stocks fall as Apple spooks markets with virus warning

Employees wear face masks as they stand in a reopened Apple Store in Beijing.

On Wall Street, the benchmark Dow Jones Industrial Average lost 0.6%, and the broad-based S&P 500 also fell. “The health crisis is causing major disruption to businesses in the second-largest economy in the world, so traders are ducking out of equities,” said David Madden, analyst at CMC Markets UK.Stephen Innes of AxiCorp said most analysts now predicted that the virus could “significantly” affect short term earnings.On Wall Street, Walmart, the largest US private employer reported lower than expected fourth quarter earnings, but its stock ended up 1.5%.

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