Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 Dow Stocks That Slumped Today

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The stock market held up well today despite some lackluster economic news. In Europe, the euro gained substantially against the dollar, despite inflation fears in the U.S. that could eventually prompt the Federal Reserve to raise short-term interest rates earlier than many had expected. Meanwhile, oil was up, but gold finished slightly lower. The Dow Jones Industrials (INDEX: ^DJI  ) finished down 20 points to 13,233, breaking its seven-day winning streak.

Some stocks had worse performances than the Dow's overall loss today. Let's look at three of the Dow components that lost ground today.

United Technologies (NYSE: UTX  ) , down 1.7%
Conglomerate United Technologies didn't have much company-specific news today. One small item came from Canada, where the defense ministry said it might delay purchases of Lockheed Martin's F-35 fighter jet as a cost-management move. United Technologies produces engines for the F-35, so news on the fighter jet has an impact on it as well.

Even with the drop, the stock still finished up more than 2% on the week. The main long-term consideration for United Technologies continues to be the aerospace industry, and high demand there looks like it should be a growth driver going forward.

Microsoft (Nasdaq: MSFT  ) , down 0.8%
On iPad launch day, no one's paying much attention to rival Microsoft. But the company faces a big challenge in its upcoming release of Windows 8, as it tries to unify both PC and mobile users with a consistent operating-system experience.

Meanwhile, the company is seeing competition flare up in other areas. Amazon said it would keep cutting prices on its EC2 cloud service, pitting it against Microsoft's Azure service. Yet the biggest gap in Microsoft's playbook is its lack of smartphone presence, something that it's working on strongly. If it can catch up to the far more popular iOS and Android devices, Microsoft could get back on a growth path.

JPMorgan Chase (NYSE: JPM  ) , down 0.3%
With Bank of America (NYSE: BAC  ) rising strongly today, it's surprising to see JPMorgan Chase down. Momentum from favorable stress-test results, a coming higher dividend, and a steepening yield curve seem like they should push JPMorgan Chase higher. A successful stress test and the prospect of higher interest margins seem to be doing the trick for B of A.

Even with today's slight drop, JPMorgan Chase's stock is up well over 10% since early last week, which arguably fully prices in all the good news the bank has seen in recent days. If these favorable conditions persist, they should keep JPMorgan Chase moving upward over the long haul.

Will next week be better?
Short-term declines shouldn't dissuade you from looking for great long-term investment ideas. Get back in the game by checking out the Motley Fool's latest special report on retirement, which highlights three promising stock picks for retirement investors. Don't wait -- get your free report today, while it's still available.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of, Bank of America, Microsoft, JPMorgan Chase, and Lockheed Martin. Motley Fool newsletter services have recommended buying shares of and Microsoft, as well as creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.

Read/Post Comments (1) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 16, 2012, at 11:21 PM, nickjob wrote:

    The reason JP Morgan was down may have something to do with their holding MF Global customer money illegally. Investors with integrity do not want to have anything to do with dishonesty!

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1823106, ~/Articles/ArticleHandler.aspx, 10/21/2016 5:46:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,162.35 -40.27 -0.22%
S&P 500 2,141.34 -2.95 -0.14%
NASD 5,241.83 -4.58 -0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/20/2016 4:35 PM
^DJI $18162.35 Down -40.27 -0.22%
JPM $68.26 Down -0.09 -0.13%
JPMorgan Chase CAPS Rating: ****
MSFT $57.25 Down -0.28 -0.49%
Microsoft CAPS Rating: ****
UTX $99.29 Down -0.47 -0.47%
United Technologie… CAPS Rating: ****
BAC $16.56 Up +0.09 +0.55%
Bank of America CAPS Rating: ****