Dow Jones Rebounds as Microsoft Spills Xbox Details, Apple Countersues Epic Games
After a rough Tuesday, the Dow Jones Industrial Average (DJINDICES: ^DJI) bounced back on Wednesday. The Dow was up about 1.7% at 11 a.m. EDT, trailing the other major U.S. stock indices. This doesn't mean the sell-off is necessarily over, but investors have taken a break from punishing high-flying tech stocks.
Both Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) stocks jumped on Wednesday following a few days of steep declines. Microsoft announced a release date and pricing for its upcoming Xbox game consoles, positioning it to take advantage of elevated demand for gaming products. Meanwhile, Apple countersued Epic Games in its ongoing legal battle with the game developer.
Image source: Microsoft.
Source Fool.com
