NEW YORK, May 1 — Wall Street stocks opened sharply lower today on weakness in Amazon and Apple shares following earnings reports and tensions over blame for the coronavirus between China and the United States. About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,900.59,...
About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,900.59, down 1.8 per cent. — AFP pic
About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,900.59, down 1.8 per cent. Amazon and Apple, two of the biggest companies by market capitalisation, both fell in the wake of results released after the closing bell yesterday. Apple shed 1.0 per cent as it reported lower profits, with the pandemic hitting the iPhone maker on multiple fronts, disrupting its retail operations, suppliers in China and the finances of its customers.
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