Midday Movers: Intel and Pfizer Rise; Apple Dips
Intel and Pfizer
Shares of Intel (INTC) and Pfizer (PFE) are rising in midday trading on Tuesday, driven by positive news from both companies. Intel announced that it has developed a new chip that could significantly improve the performance of personal computers. The chip is expected to be released later this year. Pfizer announced that its COVID-19 vaccine has been shown to be effective in preventing the virus in children ages 5 to 11. The company is expected to file for emergency use authorization with the FDA soon.
Apple
Shares of Apple (AAPL) are falling in midday trading on Tuesday, despite the company reporting strong earnings last week. Analysts say the decline may be due to concerns about the company's supply chain and the impact of the COVID-19 pandemic on consumer spending.
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