Dow Jones Lags as Microsoft Stock Surges, Coca-Cola Stock Sinks Ahead of Earnings
The Dow Jones Industrial Average (DJINDICES: ^DJI) was lagging behind the other major U.S. stock indexes on Monday afternoon, up just 0.1% at 2 p.m. EDT after spending much of the day in the red. Confirmed cases of COVID-19 continue to surge in the United States, and some cities are pulling back on their reopenings. Notably, Chicago is ordering the shutdown of indoor service at bars, along with enacting other restrictions meant to stop the recent increase in cases.
Shares of tech giant Microsoft (NASDAQ: MSFT) surged on Monday as analysts raised their price targets ahead of the company's earnings report. Meanwhile, Coca-Cola (NYSE: KO) stock headed lower as investors braced for steep declines in revenue and profit.
Image source: Microsoft.
Source Fool.com
