Dow Jones Heads Lower as Microsoft Stock Price Target Raised, Apple iPhone 12 Preorder Data Comes in Mixed
The Dow Jones Industrial Average (DJINDICES: ^DJI) moved into negative territory by late Monday morning as investors grappled with rising cases of COVID-19 around the country and continued uncertainty over a new economic stimulus bill. While both House Democrats and President Trump support multitrillion-dollar packages, Senate Republicans favor a much smaller, more targeted approach. The Dow was down about 0.3% at 11:30 a.m. EDT.
Shares of Microsoft (NASDAQ: MSFT) were underperforming the Dow despite an optimistic analyst raising his price target due to the company's cloud computing growth potential. Meanwhile, Apple (NASDAQ: AAPL) stock treaded water as preorder data for the iPhone 12 came in mixed.
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Source Fool.com