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Wall Street opens lower as virus lingers, Apple suffers on results warning

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NEW YORK (AFP) - US stock markets opened lower on Tuesday (Feb 18) on the first day of trading from the long holiday weekend, after Apple warned its results would suffer from the viral outbreak in China.. Read more at straitstimes.com.

NEW YORK - US stock markets opened lower on Tuesday on the first day of trading from the long holiday weekend, after Apple warned its results would suffer from the viral outbreak in China.

All three major US indices posted gains last week even as traders were vigilant throughout for more serious disruptions from the Covid-19 illness. The tech-rich Nasdaq slipped 0.1 per cent to 9,717.22 points, and the benchmark S&P 500 declined 0.2 per cent to 3,372.03. Apple shares were down around 2.3 per cent, but Michael Walkley, an analyst at Canaccord Genuity, did not believe the gloom would last.

 

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