Market Snapshot: Dow gives up early gains as Apple says it will re-close stores and as W.H.O. says coronavirus has entered ‘new and dangerous phase’

U.S. stock indexes give up strong early gains Friday afternoon, as the World Health Organization signals that the pandemic is entering a new phase, and as Apple says it will re-close nearly a dozen stores due to rising cases of coronavirus, highlighting that the epidemic may be intensifying in places—a point that threatens a V-shaped, or quick, economic recovery.