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%.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tech stocks slide on Apple warning, banks extend reboundKUALA LUMPUR: A warning from Apple Inc overnight that it would not meet its revenue target for the first quarter owing to slowed production and demand in China sent global equities lower as investors fretted over the impact of the Covid-19 outbreak.
Источник: staronline - 🏆 4. / 75 Прочитайте больше »

China stocks end lower as Apple warning raises economic impact fearsSHANGHAI/SINGAPORE: China's blue-chip stocks ended lower on Tuesday as Apple warned that it was unlikely to meet its March quarter sales forecast as the Covid-19 coronavirus slowed production and weakened demand in China.
Источник: staronline - 🏆 4. / 75 Прочитайте больше »

Global stocks slide on Apple's virus warning, euro near three-year low | Malay MailNEW YORK, Feb 19 ― Gold rose and global equity markets slid yesterday after Apple Inc said it was unlikely to meet its sales guidance because of the coronavirus outbreak in China, a warning highlighting the epidemic's threat to global growth and corporate profits. China reported its fewest new... BursaKL down to 1500 !
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »