Dow Jones Jumps 500 Points as Apple Stock Soars, Disney to Close Hong Kong Park
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 2.1% at 1:50 p.m. EDT Monday despite extreme uncertainty surrounding the pandemic and the recovery of the U.S. economy. U.S. states including Florida and Texas have been reporting record numbers of confirmed cases, and reports are indicating that hospitals in some areas are running out of ICU capacity.
Driving the Dow higher on Monday was Apple (NASDAQ: AAPL), which received two analyst price target bumps. Disney (NYSE: DIS) stock was also higher despite news that the company was re-closing its Hong Kong park due to a surge in COVID-19 cases.
Apple received two analyst price target bumps on Monday which helped propel the stock to a new all-time high.
Source Fool.com
