Dow Jones Rises as Caterpillar Stock Is Boosted, Nike Stock Slumps

1 min read

Optimism for a strong economic recovery may be growing as COVID-19 vaccines continue to roll out, and as larger stimulus checks remain a possibility. President Donald Trump, congressional Democrats, and some Republicans support boosting the $600 direct payments included in the latest stimulus bill to $2,000, although the measure may be a long shot.

The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.53% at 12:10 p.m. EST Wednesday as investors weighed the current state of the pandemic against the coming relief from vaccines and the stimulus bill. Shares of Caterpillar (NYSE: CAT) jumped after an analyst argued for buying the heavy-machinery stock, while shares of Nike (NYSE: NKE) were down slightly despite positive analyst commentary.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Here’s Why Blink Charging Shares Keep Rising

Next Story

Smart Investors Avoid Macy’s No Matter How Good the Price

Latest from Blog