Dow Jones News: No Guidance From Apple; Walmart Launches Fast Delivery
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 2.1% at 11:35 a.m. EDT Friday, starting the month of May on a sour note. After an epic April rally that pushed the Dow up 11% for the month, the economic realities of the novel coronavirus pandemic may be putting renewed pressure on the stock market.
Apple (NASDAQ: AAPL) managed a small gain after reporting solid quarterly results, but the company warned that uncertainty prevented it from providing an outlook. Shares of Walmart (NYSE: WMT) were also up slightly after the retailer unveiled a new two-hour delivery service.
Services and wearables were the stars of Apple's fiscal second quarter. While iPhone revenue dropped 6.7%, Mac revenue fell 2.9%, and iPad revenue tumbled 14.8%, the tech giant was still able to eke out a revenue increase. Total revenue was $58.3 billion, up 0.5% year over year and nearly $3.7 billion higher than analysts were expecting.
Source Fool.com
