By Kristina Hooper, Chief Global Market Strategist
Weekly Market Compass: Companies issue warnings that the epidemic will impact their revenue and earnings.
The floodgates are opening. Companies are beginning to warn that the coronavirus outbreak will impact earnings, and stocks have begun to react negatively. Yesterday, Apple (AAPL) announced that the contagion will cause it to miss revenue forecasts for the quarter. The problems are on both the sales and production ends: Most Apple stores in China remain closed, and while Apple factories there have reopened, they are not operating at full capacity but instead