Dow Jones Surges 300 Points as Intel Launches Tiger Lake, IBM and Coca-Cola Stocks Rally
The Dow Jones Industrial Average (DJINDICES: ^DJI) rose on Wednesday as International Business Machines (NYSE: IBM) and Coca-Cola (NYSE: KO), both beaten down this year, posted big gains. The rally comes despite a private-payroll report from ADP that badly missed expectations. The Dow was up about 1% by 2:20 p.m. EDT.
Along with IBM and Coca-Cola, shares of Intel (NASDAQ: INTC) rose after the company launched its Tiger Lake laptop chips. Intel stock has also performed poorly this year.
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Source Fool.com
