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The Dow Jones Industrial Average closed at a record high on Wednesday amid a stalled push 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 was up 0.13% and the Nasdaq up 0.15%.
Here are the biggest declines in the Dow Jones Industrial Average on Wednesday based on the performance as a percentage change at the close of regular trade.
1. Intel INTC | Down 1.30%
Intel shares on Wednesday (INTC) – Get the report refused after Morgan Stanley analyst Joseph Moore said next year would be difficult for the chipmaker, Barron reported. Intel’s well-documented manufacturing issues remain the company’s most pressing concern, Moore wrote. Moore said Intel either needs to be fully committed to abandoning most of its advanced manufacturing or figuring out how to make the more advanced chips on its own. Intel shares have fallen more than 18% this year.
2. Verizon VZ | Down 1.14%
Wednesday, Verizon (VZ) – Get the report closed 1.14% lower at $ 58.14 after warning its Fios TV customers that some channels owned by Hearst Television may not be available next year as the company demands a price hike.
Verizon has earned its shareholders about 1% this year, compared to a return of over 8% for the Dow Jones. Barron’s reported that the stock is expected to show 5G progress next year.
3. Microsoft MSFT | Down 1.10%
A Wedbush analyst told Microsoft on Wednesday (MSFT) – Get the report likely will again exceed Wall Street’s expectations, and the software giant’s cloud computing capabilities will be a key factor in its success.
Analyst Daniel Ives, who has an outperformance rating and a price target of $ 260 on Microsoft, said in a note to investors that he saw “heavy cloud activity” around Azure, the cloud service. Microsoft computing, in the field during the December quarter “with another Street beat likely in the cards for MSFT.”
4. Merck MRK | Down 1.02%
Merck actions (MRK) – Get the report fell 11% this year. Despite its strong vaccination program, it has lagged far behind in the race to develop the COVID-19 vaccine – while Pfizer and BioNTech (BNTX) – Get the reportand Moderna (RNAm) – Get the report have obtained emergency use clearances from the FDA for their coronavirus vaccine candidates, Barron reported.
5. Apple AAPL | Down 0.85%
Apple shares ended lower Wednesday at $ 133.72. Apples (AAPL) – Get the report App Store and Alphabet (GOOGL) – Get the report Google Play saw spending increase 34.5% on Christmas Day, to $ 407.6 million from $ 303 million last year, the Sensor Tower blog reports. Last year’s gain was more modest at 17.7%, according to Sensor Tower, which analyzes apps. Of the $ 407.6 million in combined spending for Christmas, $ 278.6 million, or 68.4%, went to Apple, while $ 129 million, or 31.6%, went to Google Play .
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