Stocks fall as Apple warning raises China virus concerns

Stocks fall as Apple warning raises China virus concerns

4 years ago
Anonymous $-riAjkQg_1

https://apnews.com/4483bf770dfbb76c8331127bac171d53

NEW YORK (AP) — U.S. stocks slipped in early trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China.

The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production problems in China. Demand for iPhones is also down in China because stores are either closed or operating on reduced hours.