The Dow Jones Industrial Average (INDEX: ^DJI ) rose 21.5 points or 0.17% today, but that didn't stop these five stocks from getting knocked down:
Today's Price Change
|Chevron (NYSE: CVX )||(2.6%)|
|Bank of America (NYSE: BAC )||(1.16%)|
|Coca-Cola (NYSE: KO )||(0.72%)|
|ExxonMobil (NYSE: XOM )||(0.4%)|
Source: Yahoo! Finance.
Why do you ask, did shares of these five companies fall?
Chevron was the top loser, falling 2.6%, its second down day in a row. The company cautioned its shareholders on its Q4 earnings, which come out Jan. 27. Chevron's fourth-quarter income will be "significantly below" the third quarter's because of weak refining margins and input volumes. Exxon fell nearly as much as Chevron before coming back late in the day to finish down just 0.4%.
Coca-Cola was also down again today, still reeling from its downgrade by UBS from "buy" to "neutral." Bank of America was up above $7 today for the first time since October but ended the session down 1.16%. The company's shares are up a little more than 22% in the past five days. IBM rounds out the bunch with a 1% decline. The shares are down on Infosys' newly lowered forecast for 2012 because of the slowdown in Europe.
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