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18.02.2020 22:04:22

Stocks end mostly lower after Apple sales warning

U.S. stocks ended mostly lower Tuesday, dragged down after tech giant Apple Inc. warned a day earlier that it wouldn't hit its sales target for the current quarter because the spread of COVID-19 in China was affecting production of and demand for its iPhones. U.S. financial markets were closed Monday for the Presidents Day holiday. The Dow Jones Industrial Average fell around 166 points, or 0.6%, to end near 29,232, according to preliminary figures, while the S&P 500 lost around 10 points, or 0.3%, to close near 3,370. The Nasdaq Composite rose by a little more than 1.5 points, or less than 0.1%, to finish near 9,733, eking out a record close. Shares of Dow component Apple fell 1.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"