Stocks Lower, But Set To Finish Week With Solid Gains
The major U.S. indices have slid deeper into negative territory since our last update with most sectors solidly in the red today. A look inside the Dow Jones Industrial Average shows that Microsoft (MSFT 101.79, -1.81), Walgreens Boots Alliance (WBA 71.27, -1.21), & United Technologies (UTX 108.94, -1.47) are underperforming.Conversely, Intel (INTC 48.96, +0.40) is the best-performing Dow component as semiconductors display relative strength in today's session. This morning, Citi raised their price target on shares to $54 from $50 citing channel checks. For the week, the DJIA is poised to finish with gains of 2%.