Stocks fall as Apple warning raises China virus concerns

News headlines today: Feb. 18, 2020The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production problems in China. Demand for iPhones is also down in China because stores are either closed or operating on reduced hours.

Bond prices rose. The yield on the 10-year Treasury fell to 1.56% from 1.58% late Friday. Crude oil prices fell 1.3%.KEEPING SCORE: The S&P 500 index fell 0.3% as of 10:50 a.m. Eastern time. The Dow Jones Industrial Average fell 163 points, or 0.6%, to 29,234. The Nasdaq fell 0.1%. The Russell 2000 index of smaller company stocks fell 0.3%. European and Asian markets fell.

Businesses continue to feel the economic impact from the virus. The Beijing auto show, the industry's biggest global event of the year, is being postponed indefinitely from its April date. Apple is the latest company to warn investors that the virus will hurt their financial performance. LOTS OF BENJAMINS: Financial services company Franklin Resources rose 8.5% after saying it is buying competitor Legg Mason for $4.5 billion. The deal will create a financial company with a combined $1.5 trillion in assets under management. Legg Mason shares rose 23.6%.

Maybe there's a lesson to be learned here about being over-reliant on China and trusting the CCP? 🤔

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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European stocks set to slide as Apple warns on coronavirus revenue hitEuropean stocks are set to open lower on Tuesday following a weak handover from Asia, as Apple's revenue guidance warning rocks electronics supplier shares and coronavirus fears persist. Buy time coming? 2020 the year of the great correction by the Novel Virus called Corona!
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Apple hits stocks, euro near three-year lowWorld stocks markets were knocked off record highs on Tuesday as companies underlined the impact of the coronavirus outbreak This virus is a big deal economically and I don’t think we are prepared for the fallout.
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