Dow Jones Edges Higher as Intel Picks New CEO, Visa Abandons Plaid Acquisition

The Dow Jones Industrial Average (DJINDICES: ^DJI) was up about 0.2% at 1 p.m. EST Wednesday as the U.S. House of Representatives debated a historic second impeachment of President Donald Trump. The impeachment effort will likely draw some Republican support.

The Dow rose despite a record 4,400 U.S. deaths reported for Tuesday attributed to the COVID-19 pandemic, according to Johns Hopkins University. While effective vaccines should eventually put an end to the pandemic, the situation could get a lot worse before it gets better.

Turning to individual stocks, shares of Intel (NASDAQ: INTC) rose after the company announced that it was replacing its CEO, while shares of Visa (NYSE: V) edged higher even after its acquisition of fintech company Plaid fell apart.

Source Fool.com