After spending most of the year calmly heading up, the market has seen a serious retracement these past five trading sessions. The bears have come out to play thanks to lowered expectations for an additional Federal Reserve-based stimulus combined with a jobs report that came in well beneath estimates. If things go south in a hurry, Fed Chairman Ben Bernanke could be motivated to step in, making another round of quantitative easing necessary, despite reluctance from institution.
With that in mind, let's take a closer look at how the major indexes are faring so far today and drill down on a few stocks caught up in today's action.
Index |
Gain / Loss |
Gain / Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
(75.23) | (0.58%) | 12,854.36 |
Nasdaq | (16.12) | (0.53%) | 3,030.96 |
S&P 500 |
(8.28) | (0.60%) | 1,373.92 |
Source: Yahoo! Finance.
Dow component Hewlett-Packard
Speaking of performance, it is almost time for earnings season. As usual, Alcoa
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