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Dow Drop 200 Points After Apple’s Coronavirus Warning
Summary: On Tuesday stocks fell after a forecast warning from tech giant Apple stoked fears over the impact of the coronavirus on corporate profits and the global economy. The Dow Jones Industrial Average dropped 200 points lower, or 0.6%. The index was also on pace for its third day in a row. The S&P 500 slid ...
On Tuesday stocks fell after a forecast warning from tech giant Apple stoked fears over the impact of the coronavirus on corporate profits and the global economy.
The Dow Jones Industrial Average dropped 200 points lower, or 0.6%. The index was also on pace for its third day in a row. The S&P 500 slid 0.4% while the Nasdaq Composite fell 0.3%.
Apple warned that it does not believe it will meet its quarterly revenue forecast, because the coronavirus outbreak has slowed production and diminished demand in China.
By Ramsey Baker
Tags: Apple,China,Coronavirus,Dow Jones,S&P 500
Link: Dow Drop 200 Points After Apple’s Coronavirus Warning [Copy]
