Shares of Apple Inc. fell 3.5% in morning trading Monday, amid a broad stock market selloff on the back of fears over the global spread of COVID-19. The selloff has pulled the stock below the widely followed 50-day moving average for the first time in nearly 6 months. The stock was trading at $302.25, while

Intel Corp. announced Monday that it was launching new chips to support 5G networks. The company introduced its new 10-nanometer Intel Atom P5900 system-on-a-chip for wireless base stations and currently expects to be the “leading silicon provider in base stations by 2021, a year earlier than first predicted.” Intel also announced its second-generation Xeon Scalable

Energy stocks suffered a broad selloff Monday, as worries about the economic impact of the global spread of COVID-19 knocked crude oil prices lower. The SPDR Energy Select Sector ETF slumped 4.1% to the lowest price seen since January 2016, with all 28 components losing ground. The biggest losers were shares of Cimarex Energy Co.

Casino stocks are falling more than the broader stock market in premarket trading, amid concerns over the potential impact on business from the global spread of COVID-19, which is believed to have generated in China. Shares of Wynn Resorts Ltd. sank 5.6%, MGM Resorts International dropped 4.4% and Las Vegas Sands Corp. shed 5.0%. According

U.S. stocks opened sharply lower Monday as fears of the fallout from a global coronavirus spread whacked risk assets. The Dow Jones Industrial Average opened about 906 points, 3.1%, lower, while the S&P 500 lost 71 points or 2.1%. The Nasdaq Composite dropped about 404 points, 4.2%, at the open. Stock markets around the globe

Roku Inc. could be the largest consumer-technology beneficiary of a Bernie Sanders presidency, D.A. Davidson analyst Tom Forte wrote in a Sunday note to clients after Sanders won the Nevada primary election. He argued that Sanders’ plan to provide broadband internet to all U.S. households gives Roku the “ability to exploit this opportunity” by selling

Shares of cruise operators dropped in premarket trading Monday, as the global spread of COVID-19 triggered worries about how travel will be affected. Shares of Carnival Corp. fell 6.1%, putting them on track to open at the lowest prices seen during the regular-session hours since October 2014. Royal Caribbean Cruises Ltd.’s stock dropped 5.1% and

Starbucks Corp. and Skechers USA Inc. are among the companies with the most exposure to disruption in China due to the coronavirus, according to Cowen analysts. Starbucks said it would’ve raised its guidance when it announced its earnings in late January, with Cowen saying the company has the greatest exposure in its restaurant coverage. But

Shares of Tesla Inc. tanked 6.4% in premarket trading Monday, as growing fears over the potential negative impacts from the global spread of COVID-19 triggered a broad-market selloff. In 2019, the electric vehicle maker derived $2.98 billion in revenue, or 12.1% of total revenue of $24.58 billion, from China, which is where the coronavirus outbreak

Cowen downgraded Aurora Cannabis Inc. , Tilray Inc. and Sundial Growers Inc. to market perform from outperform on Monday, and said it’s increasingly cautious on the outlook for cannabis in Canada. Analyst Vivien Azer said the headwinds that have rocked the sector from pricing to too few stores to inventory do not appear to be