Global markets

Apple Stock's Drop Is Just a Hint of How Hard the Coronavirus Will Hit the Economy

The stock market is getting slammed by worries about the impact of the coronavirus, with Apple stock among the hardest-hit names.

Apple is a prime example of a major U.S. multinational company with deep ties to China that makes it particularly vulnerable in a crisis like this.

And the longer the coronavirus outbreak paralyzes the Chinese economic machine, the worse the bite out of earnings – not just for Apple, but for thousands of U.S. companies.

It's actually much worse than what the "experts" are telling you...