Dow Jones Rises Despite Civil Unrest; Walmart and Apple Close Stores Over Weekend; Microsoft Replaces Editors With AI
The Dow Jones Industrial Average (DJINDICES: ^DJI) shook off some truly bad news on Monday, up about 0.2% at 11:40 a.m. EDT. Just as the U.S. economy was beginning to recover from the novel coronavirus pandemic, civil unrest in major U.S. cities threatened to impede that recovery.
Stocks were generally unaffected by the news, even if the underlying companies were impacted by the protests. Shares of Apple (NASDAQ: AAPL) and Walmart (NYSE: WMT) made only small moves as the companies closed some stores on Sunday due to the unrest. In non-protest-related news, Microsoft (NASDAQ: MSFT) is reportedly laying off editors in its news business, with plans to use artificial intelligence to curate content.
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Source Fool.com
