The stock market moved lower today after President Trump threatened new tariffs on China over the coronavirus outbreak—claiming that it was created in a Wuhan lab by skleb1234
The stock market moved lower on Friday after President Trump threatened new tariffs on China over the coronavirus outbreak—claiming that it was created in a Wuhan lab.Johannes Eisele/AFP via Getty ImagesThe Dow Jones industrial average was down 1.6%, nearly 400 points, at Friday’s open, while the S&P 500 fell 1.8% and the Nasdaq Composite 2%.that the coronavirus was man-made in a Wuhan lab, despite findings from his top intelligence officials saying otherwise.
Shares of Apple and Amazon fell after first-quarter earnings showed the negative impact of coronavirus on both companies, dragging the market lower. in iPhone sales, with overall revenue growth remaining flat. The tech giant’s stock is down over 2% on Friday. Amazon saw its shares fall nearly 5% after the company posted first-quarter profits that missed expectations and warned that it will spend“Markets are looking past 2021 earnings,” says David Trainer, CEO of New Constructs. “They see the COVID-19 impact as temporary, not permanent.
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