U.S. stock indexes fell on Friday after data showed U.S. business activity stall...
to all-time highs earlier this week, but the indexes are on course for their first weekly decline in three weeks as the virus appears harder to contain.“I think Apple’s announcement last week is the beginning of the hard news flow,” said Hugh Anderson, managing director at HighTower Advisors in Las Vegas, Nevada, referring to the iPhone maker’s sales warning due to the impact of the virus outbreak.
“Not only are you seeing a break in the supply chain but also you’re seeing a break in the demand for products, which is a fundamental challenge to an already moderate global growth.” China reported a jump in new cases on Friday, while South Korea became the latest hot spot with 100 new cases and more than 80 people tested positive for the virus in Japan. [MKTS/GLOB]The risk-off sentiment drove up gold and bond prices, while falling Treasury yields hit shares of lenders, with the S&P banks index .SPXBK down 1.2%. [GOL/][US/]At 11:34 a.m. ET, the Dow Jones Industrial Average
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