The Dow Jones Industrial Average was weak on the final trading day of the year, down 0.2% at 1:25 p.m. EST. If that loss holds, the Dow will end the year up 21.8%.
If you had to guess at the beginning of 2019 what the top Dow stock would be for the year, Apple (NASDAQ:AAPL) probably wouldn’t have been your first choice. But initial pessimism gave way to a massive rally. Walgreens Boots Alliance (NASDAQ:WBA) wasn’t so lucky; it was one of the few Dow stocks to slump in 2019.
Apple tops the Dow in 2019
2019 started out on a sour note for Apple. On Jan 2, the company slashed its guidance for the 2018 holiday quarter thanks to a handful of issues. Sales were weaker than expected in China thanks to elevated economic uncertainty, trade tensions, and generally sluggish demand. In some developed markets,…