U.S. stocks traded lower Tuesday morning after Apple Inc. said late Monday that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global economy and financial markets.
How are the benchmarks performing?
The Dow Jones Industrial Average DJIA, -0.62% traded about 117 points, 0.4%, lower, near 29,281, while the S&P 500 SPX, -0.36% lost 8 points or 0.2% to trade near 3,372. The Nasdaq Composite Index COMP, -0.15% was about 8 points, 0.1%, lower, near 9,723. All three indexes were well off early lows, and most of the Dow’s decline was attributed to declines in shares of Apple and Intel Corp. INTC, -1.38% , according to Automated Insights.
