Dow Jones News: Apple Rebounds in China; Microsoft Set for Strong Cloud Growth
The Dow Jones Industrial Average was buoyant on Thursday, up 0.8% at 12:10 p.m. EST. A cooling of tensions between the U.S. and Iran may be a driving force behind the gains.
Tech giants Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) were both outperforming the market on Thursday. Apple stock jumped after double-digit iPhone shipment growth in China was reported for December, and Microsoft stock rose after an analyst predicted major cloud wins in 2020.
Apple has been having a tough time in China over the past few months. On a year-over-year basis, iPhone sales in China were down 10.3% in October, and down a whopping 35.4% in November. That's according to data from Credit Suisse.
Source Fool.com
