April 29, 2025

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Apple move to close some U.S. stores over virus infections spooks stock markets

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Apple move to close some U.S. stores over virus infections spooks stock markets

Article by Ross Marowits, The Canadian Press.

TORONTO — The decision by Apple to close some U.S. stores again over rising COVID-19 infections spooked investors and sent most North American stock markets lower to end the week.

The S&P/TSX composite index closed up down 5.63 points at 15,474.20 after being higher for most of the day.

In New York, the Dow Jones industrial average was down 208.64 points at 25,871.46. The S&P 500 index was down 17.42 points at 3,097.92, while the Nasdaq composite was up 3.07 points at 9,946.12.

Markets responded around midday after the tech retailing giant said it was closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopened just a few weeks ago. […]