(Reuters) - U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.Markets across the world stabilized as the head of the World Health Organisation said he was confident in China’s ability to contain the virus outbreak that has killed 106 people, prompted businesses to close operations and curbed travel.
U.S. economy and markets are not susceptible to a major slowdown due to the virus outbreak because they are more domestically focused, but share prices could falter in the near-term, Citi analyst Tobias Levkovich said in a note.
Investors will keep a close watch on Apple Inc (AAPL.O) results, due after markets close. Nikkei Asian Review reported that the company’s plans to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus spreads across major markets like China.