This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 118,101, according to data compiled by Johns Hopkins University. Global deaths: At least 4,262, according to data compiled by […]
Tag: Apple Inc
Apple China stores all open apart from four
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images All of Apple’s retail stores in mainland China apart from four are now open after the coronavirus outbreak forced the iPhone maker to close […]
Second New York case, NYC-area schools close
A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At […]
Dow futures down 200, traders search for the bottom
Traders work during the opening bell at the New York Stock Exchange on February 27, 2020. Johannes Eisele | AFP | Getty Images 8:28 am: 10-year yield could go to 0.75%, strategist says The U.S. Treasury 10-year yield could fall further into record-low territory and eventually reach 0.75%, stratetgist Komal Sri-Kumar said. “Usually, when the yield […]
What happened to the stock market Friday: Worst week since 2008
Traders work before the opening bell at the New York Stock Exchange (NYSE) on November 14, 2019 in New York City. Global economic worries on Thursday caused Wall Street to retreat from record highs following sour economic data from major economies and signs of persistent deadlock in US-China trade talks. JOHANNES EISELE | AFP | […]
Goldman sees zero earnings growth for US companies this year because of coronavirus
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs. The Wall Street firm […]
Coronavirus means we’ll miss Q3 Windows segment guidance
Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did […]
Dow falls more than 100 points as market’s attempt to rebound from sell-off fails
The Dow Jones Industrial Average fell on Wednesday, extending its sharp weekly decline, as the 10-year Treasury yield traded at a record low amid concerns over the coronavirus spreading even further. The 30-stock Dow closed 120 points lower, or 0.5%, after being up as much as 461.42 points, or 1.7%, earlier in the session. The S&P […]
Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away
This is a live blog. Check back for updates A trader works at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. Photo by Wang Ying | Xinhua | Getty 4:01 pm: Dow drops 3%, bringing 2-day point loss to 1,910 Major averages slid on Tuesday, accelerating Monday’s sharp […]
Dow futures down 770, airlines slide, Apple drops
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:32 am: Chipmaker stock ETFs fall sharply The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) were both down more than 3% in the premarket, putting […]