Dow Jones Sinks as Apple Stock Gets a Price Target Bump, Microsoft Considers a Gaming Acquisition
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.6% at 11 a.m. EDT on Tuesday as the pandemic remained out of control in many parts of the United States. Reuters reported that United Airlines had warned in an internal presentation to employees that travel restrictions by states in the Northeast have led to booking declines and could require furloughs. More states may take action if the situation worsens in the hardest-hit areas.
While the Dow was slumping this morning, shares of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) were rallying. Apple stock rose after an analyst price-target bump, while Microsoft stock headed higher as the company considers acquiring a multibillion-dollar gaming unit.
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Source Fool.com
