The Dow Jones Industrial Average closed at a record high on Wednesday amid a set pressure to increase 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 the Nasdaq rose 0.15%.
Here are the biggest declines in the Dow Jones industrial average on Wednesday according to performance in percentage change at the end of ordinary trading.
1. Intel INTC | Of 1.30%
On Wednesday, shares of Intel (INTC) – Get report Barron said next year is a challenge for the record maker, Morgan Stanley analyst Joseph Moore said. Moore writes that Intel’s well-documented manufacturing problems are the company’s most important issue. Moore said Intel needs to commit to giving up most of its advanced manufacturing, or figuring out how to make the most advanced chips itself. Shares of Intel have fallen by more than 18% this year.
2. Verizon VZ | Of 1.14%
On Wednesday, Verizon (VZ) – Get report closed 1.14% at $ 58.14 after warning its Fios TV customers that certain channels owned by Hearst Television would not be available next year because the company was demanding a price increase.
Verizon has earned its shareholders about 1% this year, compared to a return of more than 8% for the Dow. Barron’s reported that the stock should show 5G progress next year.
3. Microsoft MSFT | Of 1.10%
On Wednesday, a Wedbush analyst said Microsoft (MSFT) – Get report will likely beat Wall Street expectations again, and the software giant’s cloud computing capabilities will be a major factor in its success.
Analyst Daniel Ives, with a better performance rating and a price target of $ 260 on Microsoft, said in a note from investors that during the December quarter he had ‘strong’ cloud activity ‘around Azure, Microsoft’s cloud computing service, in the field have seen. Street probably beats in the maps for MSFT. “
4. Merck MRK | Of 1.02%
Shares of Merck (MRK) – Get report fell by 11% this year. Despite its strong vaccine program, it lags far behind in the COVID-19 vaccine development vaccine – while Pfizer and BioNTech (BNTX) – Get report, a Modern (MRNA) – Get report Barron’s has obtained emergency use permits from the FDA for their candidates for coronavirus vaccination.
5. Apple AAPL | Off 0.85%
Shares of Apple ended lower on Wednesday at $ 133.72. Apple’s (AAPL) – Get report App Store in alphabetical order (GOOGL) – Get report Google Play’s spending rose 34.5% to $ 407.6 million on Christmas Day from $ 303 million last year, according to the Sensor Tower blog. According to Sensor Tower, which analyzes apps, profit was modest at 17.7% last year. Of the $ 407.6 million total spending on Christmas, $ 278.6 million, or 68.4%, went to Apple, while $ 129 million, or 31.6%, went to Google Play.