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Stocks end mostly lower after Apple sales warning


Wednesday, 19 February 2020 04:13 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


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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%.

Source : MarketWatch


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