What to watch today: Dow to bounce, stocks worst day since 1987 and coronavirus cancellations
from Arizona to Washington, D.C., because of concerns about the coronavirus. The DNC had already announced the debate would be held without a live audience. Gap reported adjusted quarterly earnings of 58 cent per share, 17 cents above estimates, with the clothing chain's revenue also above Wall Street forecasts. It also forecast better-than-expected 2020 profit, although it did say it expected a $100 million revenue hit this quarter due to the coronavirus outbreak.
Apple reopened its 42 branded stores in China, after shutting them down in early February due to the coronavirus outbreak. Oracle beat estimates by a penny with adjusted quarterly profit of 97 cents per share, with the business software company's revenue slightly above analyst forecasts. Results got a boost from growth in Oracle's cloud business.
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