The #Dow #Jones #Industrial #Average on #Wednesday closed at a record amid a stalled push to increase stimulus payments for most #Americans to $2,000 and the U.K.’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 rose 0.15%.
#Here are the biggest decliners in the #Dow #Jones #Industrial #Average on #Wednesday by performance in percentage change at the close of regular trade.
1. #Intel INTC | #Down 1.30%
#On #Wednesday, shares of #Intel (INTC) – #Get #Report declined after #Morgan #Stanley analyst #Joseph #Moore said the next year will be challenging for the chipmaker, #Barron’s reported. #Intel’s well-documented manufacturing issues remain the company’s most pressing concern, #Moore wrote. #Moore said #Intel needs to either fully commit to giving up most of its advanced manufacturing, or figure out how to make the most advanced chips itself. #Shares of #Intel have fallen more than 18% this year.
2. #Verizon VZ | #Down 1.14%
#On #Wednesday, #Verizon (VZ) – #Get #Report closed down 1.14% at $58.14 after it warned its #Fios TV customers that certain channels owned by #Hearst #Television may not be available next year, as the company was demanding a price hike.
#Verizon has earned its shareholders about 1% this year, versus a return of more than 8% for the #Dow. #Barron’s reported that the stock needs to show 5G progress next year.
3. #Microsoft MSFT | #Down 1.10%
#On #Wednesday, a #Wedbush analyst said #Microsoft (MSFT) – #Get #Report likely will beat #Wall #Street’s expectations again, and the software giant’s cloud computing capabilities will be a key factor in its success.
#Analyst #Daniel #Ives, who has an outperform rating and a $260 price target on #Microsoft, said in an investors’ note that he has seen “strong cloud activity” around #Azure, #Microsoft’s cloud computing service, in the field during the #December quarter “with another #Street beat likely in the cards for MSFT.”
4. #Merck MRK | #Down 1.02%
#Shares of #Merck (MRK) – #Get #Report have dropped 11% this year. #Despite its strong vaccine program, it remained far behind in the COVID-19 vaccine development race — while #Pfizer and #BioNTech (BNTX) – #Get #Report, and #Moderna (MRNA) – #Get #Report got emergency use authorizations by the FDA for their coronavirus vaccine candidates, #Barron’s reported.
5. #Apple AAPL | #Down 0.85%
#Shares of #Apple ended lower #Wednesday at $133.72. #Apple’s (AAPL) – #Get #Report #App #Store and #Alphabet’s (GOOGL) – #Get #Report #Google #Play together 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 combined $407.6 million in spending on #Christmas, $278.6 million, or 68.4%, went to #Apple, while $129 million, or 31.6%, went to #Google #Play.
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##Worst ##Stocks ##Dow ##Wednesday ##Intel ##Slips