* Apple will miss quarterly revenue target due to coronavirus. * Euro near three-year low after bleak German ZEW survey. * Oil skids, Brent trades below $57 a barrel. By Herbert Lash.
U.S. stocks fell Tuesday after Apple warned that its revenue may be lower than forecast due to the coronavirus outbreak in China, one of the most significant indications yet of the impact on multinational businesses. The Dow Jones Industrial Average dropped 204 points, or 0.7%, and the S&P 500 slid 0.5%. The tech-heavy Nasdaq Composite fell 0.3%.
U.S. stocks slipped Tuesday after Apple warned that its revenue may be lower than forecast due to the coronavirus outbreak in China, one of the most significant indications yet of the impact on multinational businesses. The Dow Jones Industrial Average dropped 98 points, or 0.3%, and the tech-heavy Nasdaq Composite fell 0.2%. The S&P 500 slid 0.2%.
The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on U.S. companies. But indexes ended off the day's lows and the Nasdaq ended a touch higher as Apple Inc trimmed its losses in late-session trading.
* Futures down: Dow 0.59%, S&P 0.47%, Nasdaq 0.69% By Medha Singh. U.S. stock index futures dropped on Tuesday as investors returned from a long weekend to a sales warning from Apple Inc (AAPL) that highlighted the impact of the coronavirus outbreak on global supply chains.
Global stocks slipped after Apple warned that its revenue may be lower than forecast due to the coronavirus outbreak in China, one of the most significant indications yet that the disease has had a material impact on multinational corporations. Futures tied to the Dow Jones Industrial Average dropped 0.5%, while contracts linked to the tech-heavy Nasdaq Composite fell 0.7%. Markets in the U.S. will reopen Tuesday after the Presidents Day holiday.
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