Dow Jones News: Apple Shakes off Coronavirus; Nike Seen as Strong Buy
The Dow Jones Industrial Average (DJINDICES: ^DJI) staged a big comeback Monday morning after suffering a large loss to close out last week. The news around China's coronavirus outbreak hasn't gotten any better, with the number of casualties rising sharply over the weekend. Despite that backdrop, the Dow was up 1.05% at 10:50 a.m. EST.
In terms of individual stocks, Apple (NASDAQ: AAPL) rose despite an analyst warning about the coronavirus reducing iPhone shipments, and Nike (NYSE: NKE) was up after two analysts made bullish arguments for the apparel and footwear stock.
Shares of Apple were up 0.7% Monday morning despite the potential for the coronavirus outbreak in China to dent sales. China's economic growth could suffer if the outbreak continues to escalate, and the Chinese government is reportedly considering cutting their growth target for 2020.
Source Fool.com
