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27.02.2020 16:42:00

Dow Jones News: Microsoft Warns on Guidance; Apple Loses Execs

The Dow Jones Industrial Average (DJINDICES: ^DJI) continued its unpleasant journey downward on Thursday, shedding 1.9% by 9:55 a.m. EST. More companies have warned about the negative impact of the coronavirus outbreak, and the first case in the U.S. that can't be traced has been confirmed.Microsoft (NASDAQ: MSFT) was the biggest company to warn that it would miss its guidance, although only the Windows and Surface businesses are feeling pain so far. Apple (NASDAQ: AAPL) stock was also lower after reports of some executive departures.With the coronavirus outbreak disrupting the supply chains of electronics companies, it's no surprise that Microsoft expects to feel some pain. The software and cloud computing giant warned late Wednesday that its "more personal computing" segment, which includes Windows as well as devices and gaming, would miss the company's previously issued guidance for the fiscal third quarter.Continue reading
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