Dow Slides on Worries Over Big Tech and Virus Spike
Stocks were falling Friday after the biggest technology companies in the U.S. posted earnings that topped Wall Street expectations but issued tepid outlooks for the rest of 2020.
Shares of Apple declined after the company reported weaker-than-expected iPhone sales and a revenue slide of 29% in China. Twitter slumped after user growth missed estimates.
Stocks were on track to record their worst week since March as investors grappled with record-setting new daily cases of the coronavirus in the U.S. and uncertainty about a presidential election less than a week away.
The Dow Jones Industrial Average fell 320 points, or 1.2%, to 26,338, the S&P 500 was down 1.59% and the Nasdaq declined 2.56%.
https://www.msn.com/en-us/money/topstocks/dow-slides-on-worries-over-big-tech-and-virus-spike/ar-BB1axQG4?li=BBnbfcN&ocid=DELLDHP
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