Dow Jones Continues Post-Election Rally; Apple Facing Chip Shortages; Verizon Stock Upgraded
While the winner of the U.S. presidential election has yet to be determined, the stock market isn't letting a little uncertainty derail its rally. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 2.1% at 11:10 a.m. EST Thursday.
The Dow is rallying against a backdrop of a rapidly worsening pandemic. The U.S. reported more than 100,000 cases of COVID-19 for Wednesday, according to Johns Hopkins University, the highest level yet. The fragile economic recovery could be put in peril by new measures meant to slow the spread of the virus.
Surging along with the Dow on Thursday were Apple (NASDAQ: AAPL) and Verizon (NYSE: VZ). Apple stock was up despite a report that the tech giant is facing a shortage of key iPhone chips, while Verizon stock jumped after an analyst upgraded the stock.
Source Fool.com
