Dow Jones News: Apple Dominates in 2019; Walgreens Languishes
The Dow Jones Industrial Average was weak on the final trading day of the year, down 0.2% at 1:25 p.m. EST. If that loss holds, the Dow will end the year up 21.8%.
If you had to guess at the beginning of 2019 what the top Dow stock would be for the year, Apple (NASDAQ: AAPL) probably wouldn't have been your first choice. But initial pessimism gave way to a massive rally. Walgreens Boots Alliance (NASDAQ: WBA) wasn't so lucky; it was one of the few Dow stocks to slump in 2019.
2019 started out on a sour note for Apple. On Jan 2, the company slashed its guidance for the 2018 holiday quarter thanks to a handful of issues. Sales were weaker than expected in China thanks to elevated economic uncertainty, trade tensions, and generally sluggish demand. In some developed markets, iPhone upgrade activity was weaker than expected, due partly to price increases.
Source Fool.com
