The major averages were under pressure for most of Tuesday's session after a stark warning from Apple.
Apple warned it will not meet its revenue guidance for fiscal second quarter of 2020 as the coronavirus outbreak in China hinders the tech giant's supply chain.
That warning initially sent the broader market lower, but the major averages regained some of their losses in afternoon trading. Bottom line, market volatility could be on the rise is more companies issue warnings like Apple's.advanced 7.30% after a Morgan Stanley analyst hiked his "The latest reading on the producer price index and housing starts data are set for release on Wednesday.
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