Dow Jones Down Slightly as Microsoft Launches New Cloud Services; Walmart+ Forecast Calls for 10 Million Subscribers
After suffering a steep decline to start the week, the Dow Jones Industrial Average (DJINDICES: ^DJI) continued heading lower on Tuesday. The Dow was down 0.26% at 1:10 p.m. EDT today, underperforming the other major stock indices.
This sell-off comes as the U.S. death toll from the coronavirus crossed the 200,000 mark. A second wave of the virus in the winter could push that number substantially higher and prompt stricter measures to control the spread, potentially undermining the economic recovery.
While the Dow was down, shares of Microsoft (NASDAQ: MSFT) and Walmart (NYSE: WMT) were up on Tuesday. Microsoft stock jumped after the company rolled out some new cloud computing services, and Walmart stock rose as an analyst predicted big subscriber numbers for the retailer's new membership program.
Source Fool.com
