Dow Jones Loses Steam as Intel Stock Surges, Boeing Faces More Regulations
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down about 0.32% at 1:45 p.m. EST Tuesday as early gains evaporated. The combination of optimism surrounding COVID-19 vaccines and the stimulus bill recently signed by President Trump was apparently not enough to keep the rally alive into the afternoon.
Shares of Intel (NASDAQ: INTC) were up even as a rival chip start-up focused on artificial intelligence (AI) chips scored funding to fuel growth. That surge was likely due to an activist hedge fund pushing for changes. Meanwhile, Boeing (NYSE: BA) was little changed after the Federal Aviation Administration (FAA) planned to implement new rules for certifying airplanes.
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Source Fool.com
