The Dow Jones industrial average closed at a record high on Wednesday amid a thwarted effort to increase incentive payments for most Americans to $ 2,000 and UK approval for 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, depending on the performance in percentage change when closing regular transactions.
1. Intel INTC | 1.30% decrease
Wednesday, Intel shares (INTC) – Get the report refused after Morgan Stanley analyst Joseph Moore said next year would be a challenge for the chip maker, Barron reported. Intel’s well-documented production issues remain the company’s most pressing concern, Moore wrote. Moore said Intel must either fully commit to giving up most of its advanced production or figure out how to produce the most advanced chips itself. Intel shares have fallen more than 18% this year.
2. Verizon VZ | Decrease by 1.14%
Wednesday, Verizon (VZ) – Get the report closed 1.14% at $ 58.14, after warning Fios TV customers that certain Hearst Television-owned channels may not be available next year because the company was demanding a price increase.
Verizon has gained about 1% of its shareholders this year, compared to a return of more than 8% for the Dow. Barron reported that the stock should show 5G progress next year.
3. Microsoft MSFT | 1.10% decrease
On Wednesday, a Wedbush analyst told Microsoft (MSFT) – Get the report it will probably 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 superior performance and a target price of $ 260 on Microsoft, said in a note from investors that he saw “strong cloud activity” around Azure, Microsoft’s cloud computing service, in the field in December quarter “with another Street probably drunk in the books for MSFT. “
4. Merck MRK | 1.02% decrease
Merck shares (MRK) – Get the report they have fallen by 11% this year. Despite its strong vaccination schedule, it lags far behind in the COVID-19 vaccine development race – while Pfizer and BioNTech (BNTX) – Get the report, and Modern (mRNA) – Get the report have received emergency use authorizations from the FDA for their coronavirus vaccine candidates, Barron reported.
5. Apple AAPL | Decrease by 0.85%
Shares of Apple closed at $ 133.72 on Wednesday. Apple (AAPL) – Get the report App Store and Alphabet’s (GOOGL) – Get the report Google Play together saw spending increase by 34.5% on Christmas Day, to $ 407.6 million, from $ 303 million last year, reports the Sensor Tower blog. Last year’s gain was more modest, at 17.7%, according to Sensor Tower, which analyzes applications. Of the combined spending of $ 407.6 million for Christmas, $ 278.6 million, or 68.4%, went to Apple, while $ 129 million, or 31.6%, went to Apple. for Google Play.