The Market Still Can't Catch a Break

Uncertainty was once again the name of the game, as the market came up on the short end of the stick today. The Dow Jones Industrials (INDEX: ^DJI  ) started the day down significantly before gaining some momentum; however, the rally steadied and the composite finished down 0.75%. European uncertainty was the only news of the day -- specifically worries over whether Greece would follow through on a previously agreed-upon bailout.

Outside the Dow, the Nasdaq and S&P 500 declined, down 0.39% and 0.67%, respectively. June oil futures have moved in tandem with the large United States indices, down for the sixth straight day, closing the day at $96.37 per barrel. Uncertainty plays tricks on equity markets, either leading to unsubstantiated gains or the much more likely scenario of large sell-offs driving down the market. Today, the Volatility Index moved above the 20 mark, suggesting that fear has crept into the market and that investor sentiment is bearish.

Pulling us down
With six straight days of decline, all the sectors have contributed in one way or another to the sell-off. Today is no different, with the culprits being technology and conglomerates. Let's look specifically at three Dow components that finished below the rest.

United Technologies (NYSE: UTX  ) -- down 2.30%
This Hartford, Conn., company led the Dow in percentage loss today, followed closely by another aerospace manufacturer, Boeing (NYSE: BA  ) . The latter finished the day down 1.21% but also made a splash with the announcement of the purchase of Inmedius, a software applications and services provider.

General Electric (NYSE: GE  ) -- down 1.77%
GE also was a casualty of circumstance today, as its share price dropped on heavy volume with European uncertainty raging and a potential GDP slowdown looming.

McDonald's (NYSE: MCD  ) -- down 1.73%
McDonald's also took a hit today on high volume, but don't discount the Golden Arches yet, as the company is once again putting together a media blitz with the Summer Olympics kicking off in less than two months.

With so many companies receiving a haircut this past week as the market is gripped in fear, I think it's a great time to show you this tremendous report that details nine companies offering spectacular dividends. If you're seeing short-term losses, it helps to offset them with dependable cash flows from dividends. Make sure to check out this free report now, and see why are analysts are excited about these fabulous companies.

Joel South owns shares of no company listed above. Motley Fool newsletter services have recommended buying shares of McDonald's. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (1) | Recommend This Article (8)

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.

Add your comment.

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: 1883771, ~/Articles/ArticleHandler.aspx, 9/2/2014 1:23:44 PM

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...


Advertisement