Dow Jones News: iPhone Trouble for Apple; Caterpillar Pulls Guidance
The stock market was in rally mode on Thursday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) up 5% at 12:40 p.m. EDT. Stocks rebounded following the brutal sell-off over the past few weeks driven by the novel coronavirus pandemic and actions taken by governments to slow its spread.
In the United States, the number of cases and deaths from the virus continues to grow rapidly. The U.S. now has nearly 70,000 confirmed cases and over 1,000 confirmed deaths, according to data from Johns Hopkins University. It won't be long before the U.S. surpasses Italy and China in the number of confirmed cases.
A rising tide lifted most boats on Thursday. Apple (NASDAQ: AAPL) stock rose despite multiple analysts becoming a bit more pessimistic, and shares of Caterpillar (NYSE: CAT) were up even as the company pulled its fiscal 2020 guidance.
Source Fool.com
