4 Tech Stocks To Buy Amid Coronavirus-Led Dip
Zacks Investment Research | Feb 27, 2020 08:32PM ET
Major U.S. indices — the Dow Jones, the S&P 500, and the Nasdaq — witnessed sharp sell-off this week, as rising incidences of Coronavirus outside mainland China have been sending jitters among investors. Notably, COVID-19 has now spread in more than 44 countries, affecting more than 80,000 people, while roughly 2,800 people have already lost their lives.
The three major indices lost more than 4.5% yesterday, after the Centers for Disease Control and Prevention confirmed the first coronavirus case in the United States. The indices have declined more than 10% this week so far, eroding their entire 2020 gains until last week.
Coronavirus Dampening Tech Companies’ Demand and Supply
The coronavirus outbreak in China has hit the U.S. technology stocks hard. The country accounts for a major market, as well as is a supplier for tech products, including semiconductor components. A number of tech companies, including Apple (NASDAQ:AAPL) , Microsoft (NASDAQ:MSFT) , and HP have already warned investors that the novel Coronavirus would mar their businesses.
On Feb 17, Apple announced that it Original post
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