Dow Jones Down 350 Points as Virus Rages; Apple Stock Tumbles After iPhone Sales Collapse; Honeywell Beats Estimates
According to John Hopkins University, the United States recorded nearly 90,000 cases of COVID-19 on Thursday, a record for the pandemic. The case count could climb much higher in the coming weeks, which would likely prompt state and local officials to introduce new restrictions that could reverse the economic recovery. The stock market didn't react well to the surging virus on Friday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 1.4% at 1:20 p.m. EDT.
Shares of Apple (NASDAQ: AAPL) were dragging down the Dow on Friday after the company's fiscal fourth-quarter report failed to impress investors. Honeywell (NYSE: HON) stock was down much less after its own earnings report beat estimates despite some heavy pandemic headwinds.
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Source Fool.com
