Dow Jones Down 150 Points as Apple Stock Slumps, Market Awaits Nike Earnings

The first COVID-19 vaccine continued to roll out on Friday, with Vice President Mike Pence publicly receiving the vaccine. This is happening against a backdrop of a worsening pandemic. The U.S. had over 3,000 deaths from COVID-19 on Dec. 17, according to Johns Hopkins University, higher than peak levels during the first wave in April.

The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.75% at 11:20 a.m. EST Friday as vaccine optimism clashed with the reality of a worsening pandemic over the next few months until vaccines are widely available. Shares of Apple (NASDAQ: AAPL) headed lower despite an analyst predicting iPhone share gains in China, and Nike (NYSE: NKE) stock was down ahead of its quarterly report this afternoon.

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Source Fool.com