Dow Jones Rallies After Stimulus Bill Signed; Apple Stock Surges Despite Car Concerns
The Dow Jones Industrial Average (DJINDICES: ^DJI) surged on Monday following news over the weekend that President Donald Trump had signed a stimulus and government spending bill that had been in limbo since it passed Congress last week. The Dow was up about 0.8% at 11:50 a.m. EST.
Mega-retailer Walmart (NYSE: WMT) will certainly benefit from the stimulus package as its lower-income and unemployed customers receive a financial boost, although the stock trailed the market on Monday. Beating the market handily was Apple (NASDAQ: AAPL) stock despite an analyst warning related to the company's reported self-driving car project.
Image source: Getty Images.
Source Fool.com
