Dow Jones Weak as Verizon Reports Mixed Earnings, Visa and JPMorgan Chase Announce Mobile Payments Solutions
Early gains turned to losses for the Dow Jones Industrial Average (DJINDICES: ^DJI) on Wednesday. The Dow was down about 0.25% at 1:05 p.m. EDT today as investors weighed the chances of a stimulus bill being passed in the near future. The White House is negotiating with House Democrats on a large stimulus bill, but Senate Republicans are in favor of smaller measures.
Verizon (NYSE: VZ) stock was down slightly on Wednesday after the wireless carrier reported mixed third-quarter results. Moving in the opposite direction were Visa (NYSE: V) and JPMorgan Chase (NYSE: JPM) after both financial behemoths announced mobile payment solutions for businesses that put them in more direct competition with fintech companies like Square.
Image source: Verizon.
Source Fool.com
