Dow Jones News: Disney Closes Parks; Microsoft's JEDI Win Not Secure
The Dow Jones Industrial Average (DJINDICES: ^DJI) staged a comeback, albeit a volatile one, on Friday. The Dow was up 2.8% at 1:25 p.m. EDT, regaining a portion of its near-10% loss on Thursday. News surrounding the coronavirus pandemic hasn't gotten any better, and the situation will almost certainly get worse from here.
Shares of Disney (NYSE: DIS) gained ground on Friday despite the company's decision to close its U.S. parks and delay film releases. Microsoft (NASDAQ: MSFT) was also up, even as the Department of Defense looks to review its award of the JEDI cloud computing contract.
As COVID-19 spreads in the United States, states, school districts, and companies have begun to take painful but necessary steps to keep the outbreak in check. Some states have banned large gatherings, many universities and public school systems have either closed for a few weeks or switched to online-only, some companies have begun encouraging employees to work from home, and major tourist attractions are being shuttered.
Source Fool.com
