The Dow Jones Industrial Average closed at a record high on Wednesday amid a stalled effort to increase stimulus payments to $ 2,000 for most Americans and the UK’s approval of a second coronavirus vaccine.
The Dow Jones Industrial Average rose 74 points or 0.24% to close at 30,409, while the S&P 500 rose 0.13% and the Nasdaq 0.15%.
These are the biggest drops in the Dow Jones Industrial Average on Wednesday due to performance in percentage change at the end of regular trading.
1. Intel INTC | A decrease of 1.30%
On Wednesday shares of Intel (INTC) – Request report dropped after Morgan Stanley analyst Joseph Moore said the next year will be a challenge for the chipmaker, Barron reported. Intel’s well-documented manufacturing issues remain the company’s most pressing concern, Moore wrote. Moore said Intel should be fully committed to giving up most of its advanced manufacturing, or figuring out how to make the most advanced chips on its own. Shares of Intel are down more than 18% this year.
2. Verizon VZ | A decrease of 1.14%
On Wednesday, Verizon (VZ) – Request report closed 1.14% at $ 58.14 after warning its Fios TV customers that certain channels owned by Hearst Television may not be available next year as the company demanded a price increase.
Verizon has earned its shareholders about 1% this year, versus a return of more than 8% for the Dow. Barron’s reported that the stock should show 5G progress next year.
3. Microsoft MSFT | 1.10% down
Wednesday, a Wedbush analyst said Microsoft (MSFT) – Request report will likely again exceed Wall Street’s expectations, and the software giant’s cloud computing capabilities will be a key factor in its success.
Analyst Daniel Ives, who is outperformed and has a $ 260 price target on Microsoft, said in an investor note that he saw “ strong cloud activity ” around Azure, Microsoft’s cloud computing service, in the field in the December quarter. ‘with another Street beat probably in the cards for MSFT. “
4. Merck MRK | 1.02% down
Shares of Merck (MRK) – Request report are down 11% this year. Despite its strong vaccine program, it lagged far behind in the race for the development of COVID-19 vaccines – while Pfizer and BioNTech (BNTX) – Request reportand Moderna (MRNA) – Request report received emergency use clearance from the FDA for their coronavirus vaccine candidates, Barron reported.
5. Apple AAPL | 0.85% down
Shares of Apple finished lower on Wednesday at $ 133.72. Apples (AAPL) – Request report App Store and Alphabet’s (GOOGL) – Request report Google Play combined saw spending on Christmas Day up 34.5%, from $ 303 million last year to $ 407.6 million, the Sensor Tower blog reports. Last year’s earnings were more modest at 17.7%, according to Sensor Tower, which analyzes apps. Of the combined $ 407.6 million in Christmas spending, $ 278.6 million, or 68.4%, went to Apple, while $ 129 million or 31.6% went to Google Play.