The Dow Jones Industrial Average closed on Wednesday at a record high amid a push to raise stimulus payments for most Americans to $ 2,000 and the UK’s approval of a second coronavirus vaccine.
The Dow Jones Industrial Average rose 74 points, or 0.24% to close at 30,409, while the S&P 500 rose 0.13% and Nasdaq rose 0.15%.
Here are the biggest drops in the Dow Jones Industrial Average on Wednesday, due to performance in the percentage change at the close of normal trade.
1. Intel INTC | 1.30% reduction
On Wednesday, Intel shares (INTC) – Get report declined after Morgan Stanley analyst Joseph Moore said that next year will be a challenge for the chip maker, Barron’s reported. Intel’s well-documented manufacturing problems remain the company’s most pressing concern, Moore wrote. Moore said Intel must fully commit to giving up most of its advanced manufacturing or figuring out how to make the most advanced chips for itself. Intel’s shares have fallen more than 18% this year.
2. Verizon VZ | Down 1.14%
On Wednesday, Verizon (VZ) – Get report closed down 1.14% to $ 58.14 after alerting its Fios TV customers that certain channels owned by Hearst Television may not be available next year as the company was demanding a price increase.
Verizon earned its shareholders about 1% this year, against a return of more than 8% for Dow. Barron’s said the stock needs to show 5G progress next year.
3. Microsoft MSFT | 1.10% reduction
On Wednesday, a Wedbush analyst said that Microsoft (MSFT) – Get report it will likely exceed Wall Street expectations again, and the software giant’s cloud computing capabilities will be a key factor in its success.
Analyst Daniel Ives, who has a top performance rating and a target price of $ 260 at Microsoft, said in an investor note that he saw “strong cloud activity” around Azure, Microsoft’s cloud computing service. , in the field during the December quarter “with another Probable street hit on the MSFT letters.”
4. Merck MRK | 1.02% reduction
Merck shares (MRK) – Get report fell 11% this year. Despite its strong vaccine program, it remained far behind in the race to develop the COVID-19 vaccine – while Pfizer and BioNTech (BNTX) – Get reportand Modern (MRNA) – Get report has obtained emergency use permits from the FDA for its candidate coronavirus vaccines, Barron’s reported.
5. Apple AAPL | 0.85% reduction
Apple shares ended in a fall on Wednesday at $ 133.72. Apple (AAPL) – Get report App Store and Alphabet’s (GOOGL) – Get report Google Play together saw spending rise 34.5% on Christmas Day, from $ 303 million last year to $ 407.6 million, reports the blog Sensor Tower. Last year’s gain was more modest, at 17.7%, according to Sensor Tower, which analyzes apps. Of the $ 407.6 million spent on Christmas, $ 278.6 million, or 68.4%, went to Apple, while $ 129 million, or 31.6%, went to Google Play.