Dow opens lower after Apple warns of coronavirus hit - MarketWatch

U.S. stocks opened lower on Tuesday as traders returned from the long holiday weekend to see Apple's statement that it would miss its guidance due to COVID-19, which has kept Chinese workers at home and away from factory floors. The S&P 500 SPX, -0.23% fell 0.3% to 3,370. The Dow Jones industrial Average DJIA, -0.37% shed 109 points, or 0.4%, to 29,286. The Nasdaq Composite COMP, -0.08% was down 0.3% to 9,701. On Friday, the S&P 500 and Nasdaq closed at records. Investors are increasingly sensitive to signs that the coronavirus outbreak could disrupt global supply chains, as Chinese factories struggle to return to full-capacity after the Lunar New Year holidays. Apple Inc. appl warned that it would miss its second-quarter guidance due to the coronavirus. In other news, Franklin Resources BEN, +6.69% , the holding company for Franklin Templeton, said it was buying asset manager Legg Mason. LM, +23.58%

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMiYWh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9kb3ctb3BlbnMtbG93ZXItYWZ0ZXItYXBwbGUtd2FybnMtb2YtY29yb25hdmlydXMtaGl0LTIwMjAtMDItMTjSAU9odHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2d1aWQvQUM4MzBGMEEtNzVDMi00ODYxLUFEMzUtRUU0MTM3MkM1NzhG?oc=5

2020-02-18 14:33:00Z
52780615029827