US stocks open lower as investors assess coronavirus impact

2020-02-18 15:33:04 GMT (Economies.com)
US stocks open lower as investors assess coronavirus impact

US stocks fell on Tuesday, as investors continued to parse the impact of Chinese virus on economies and corporate businesses.

 

The tech giant, Apple, yesterday trimmed its revenue forecasts for the first quarter of this year, and attributed that to the coronavirus impact on Chinese sales.

 

China revealed today that the coronavirus death toll rose to more than 1,880 victims, and infected about 72,000 cases.

 

In spite of the massive numbers of victims, Chinese officials stated that the virus has showed slowdown signs in its spread throughout the country, which came amid news that Beijing is in the middle of drugs trails that might treat the virus.

 

As for stocks, at 15:14 GMT, Dow Jones was lower by 0.3% or 100 points to trade at 29,296, Nasdaq slipped 0.1% or 5 points to 9,726, and S&P 500 dipped 0.2% or 8 points to 3,371.

 
 
 
  Symbol Last Change Chg.%
1.1135
0.0430
4.0163%
1.2455
0.0809
6.9509%
Tadawul
6376.62
49.70
0.79%
14.446
1.863
14.810%
21.828
-1.600
6.830%
24.84
-1.50
5.69%
1620.150
122.735
8.197%
 
 
US
 
Europe
 
Asia