Dow Jones News: Apple's 5G iPhone on Track; Coca-Cola Pulls Guidance
Volatility continued to be the theme for the Dow Jones Industrial Average (DJINDICES: ^DJI) on Friday. The index tumbled into negative territory as early gains were quickly wiped out, only to bounce back into positive territory soon after. At 10:40 a.m. EDT, the Dow was up about 1.1%.
There are now over 14,000 confirmed cases of the novel coronavirus in the United States, according to Johns Hopkins University, and over 200 deaths. The entire state of California has been ordered to stay at home as the virus spreads rapidly. Economically, a recession in the U.S. appears certain.
Shares of Apple (NASDAQ: AAPL) have tumbled as the crisis unfolded, but the stock gained on Friday after a report saying the launch of 5G iPhones is still on track. Meanwhile, shares of Coca-Cola (NYSE: KO) declined after the beverage company pulled its full-year guidance.
Source Fool.com
