Dow Jones Treads Water as Apple Jumps on Price Target Bump, Microsoft Keeps Stores Closed
The Dow Jones Industrial Average (DJINDICES: ^DJI) was struggling to pick a direction on Wednesday, fluctuating between gains and losses throughout the morning. By 12:10 p.m. EDT, the Dow was down about 0.1%.
The economic backdrop remains uncertain, with the U.S. economy reopening as cases of COVID-19 surge in some states. The economic recovery could hit a roadblock if people pull back on activity due to a resurgent virus, with or without new stay-at-home orders.
Shares of both Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) managed to gain on Wednesday. Apple stock got a price target boost from an analyst optimistic about macroeconomic improvements and the company's share buyback program, and Microsoft confirmed that it was not yet reopening any of its retail stores.
Source Fool.com
