Dow Jones Rallies as Walmart Stock Is Upgraded, American Express Stock Downgraded
While the Dow Jones Industrial Average (DJINDICES: ^DJI) spent some of the morning in the red, the index was up about 0.55% by 12:50 p.m. EDT Monday. That rise was despite surging cases of the novel coronavirus in hotspots like Florida and Texas, as well as the worst showing for sales of previously owned homes in May since 2010.
Shares of Walmart (NYSE: WMT) were able to ride the market higher on Monday thanks to an analyst upgrade prompted by the mega-retailer's e-commerce potential. Meanwhile, American Express (NYSE: AXP) stock sank following an analyst downgrade related to weak travel spending.
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Source Fool.com
