Dow Jones Surges 250 Points as Apple Stock Rallies, Microsoft Warns Apple's Epic Games Ban Could Hurt Gaming
The Dow Jones Industrial Average (DJINDICES: ^DJI) was leading the stock market higher on Monday, up 1.05% at 11:35 a.m. EDT. The U.S. approved the emergency use of blood plasma obtained from recovered COVID-19 patients to treat the virus, and it is reportedly considering fast-tracking an experimental vaccine for use before the November election. This treatment news may be contributing to the rally.
Shares of Apple (NASDAQ: AAPL) got a boost on Monday after an analyst pointed to the company's ecosystem of products and services as a reason for a higher price target. One potential headwind: Apple's App Store policies are under attack as companies subject to its fees and restrictions speak out. Over the weekend, Microsoft (NASDAQ: MSFT) aligned itself against Apple in a court filing regarding Apple's battle with Epic Games. Microsoft stock was up slightly by late morning.
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Source Fool.com
