Stocks fell at the open after Apple stoked worries over the coronavirus' effect on the global economy.
The major averages were coming off a record-setting week as they set all-time highs.as a result of the coronavirus outbreak. The most valuable company in the U.S. initially said it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter.traded 2.3% lower.
A pedestrian wearing a protective mask walks past a closed Apple Inc. store in Shanghai, China, on Wednesday, Feb. 5, 2020."While this is disappointing, by now we don't believe it's surprising, and we still expect the issues to be transitory," said Chris Caso, an analyst at Raymond James, in a note.
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