The Dow Jones Industrial Average fell for a third consecutive day on Tuesday as investors weighed a stark warning from tech giant Apple.
The 30-stock index came off its lows of the day, but remained in the minus column 166.42 points end the day at 29,231.66.
The S&P 500 fell 9.87 points to 3,370.29.
The NASDAQ forged higher 1.57 points from Friday’s all-time high, at 9,732.74.
Netflix rose 1.9% and reached its highest level since July 2018 while Alphabet gained 0.1%. Tesla contributed to the NASDAQ’s gains as well, rising more than 7%.
Apple cautioned it does not expect to meet its quarterly revenue forecast, citing slowed production and weakened demand in China as a result of the coronavirus outbreak.
The most valuable company in the U.S. initially said it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Apple also finished the session well off its lows of the day, closing 1.8% lower.
The company has not provided an updated forecast for its fiscal second-quarter.
Apple’s warning sent shares of some suppliers lower. Skyworks Solutions slid 1.9% while Xilinx withered 1%, and Qorvo dropped 2.6%.
China’s National Health Commission on Tuesday reported an additional 98 deaths nationwide, with 1,886 new cases of the coronavirus. As of Feb. 17, the commission said there had been a total of 72,346 confirmed cases and 1,868 deaths.
Prices for the 10-Year U.S. Treasury gained ground, lowering yields to 1.56% from Friday’s 1.59%. Treasury prices and yields move in opposite directions.
Oil prices eked higher two cents to $52.07 U.S. a barrel.
Gold prices jumped $19.30 to $1,605.70 U.S. an ounce.