U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling, which lost some of its momentum in the final hour of trading, came as investors weighed the impact of the virus outbreak in China on Apple and other major companies. The tech giant said revenue will fall short of previous forecasts in the fiscal second quarter because production has been curtailed and consumer demand for iPhones has slowed in China.
Stories Related to Stocks Fall On Apple Revenue Warning
The Associated Press, Northwest Herald
Tue, 02/18/2020 - 10:47pm
Sections: u.s.
Topics: Illinois McHenry County Crystal Lake
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