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, -0.33% fell 0.3% to 3,370. The Dow Jones industrial Average DJIA, -0.53% shed 109 points, or 0.4%, to 29,286. The Nasdaq Composite COMP, -0.17% 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, +6.51% , the holding company for Franklin Templeton, said it was buying asset manager Legg Mason. LM, +23.53%

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2020-02-18 14:33:00Z
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