Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China
NEW YORK — Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. Markets fell in Europe and Asia, with the exception of China, which was flat. The S&P 500 fell 0.3% to 3,371 and the Dow Jones Industrial Average dropped 104 points, or 0.4%, to 29,293. The Nasdaq slipped 0.4% to 9,696. Tech stocks saw the biggest early declines, led by Apple and chipmakers. Energy stocks fell along with the price of oil. Bond prices rose and yields declined.
THÏS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below:
Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit…
Source news reuters.com, click here to read the full news.
