Continuing a disconcerting trend, the S&P 500
Say what!? You see, many observers think that these numbers fall short of pressuring the Federal Reserve to consider additional easing actions during their next meeting. As we’ve seen in the past, stimulus has had a positive impact on stock prices, and today’s trading reflects little hope for that kind of boost. Rather, today’s results (below) suggest that the economy will continue to trudge along at a sluggish pace, absent any near term Fed support.
Index |
Gain / Loss |
Gain / Loss % |
Value |
---|---|---|---|
Dow Jones Industrial Average |
(124.2) |
(0.96%) |
12,772 |
Nasdaq |
(38.8) |
(1.30%) |
2,937 |
S&P 500 |
(12.9) |
(0.94%) |
1,355 |
Source: Yahoo! Finance
Within the Dow, the two best performing stocks were Wal-Mart and McDonald’s
Outside of the Dow, shares of S&P 500 index newcomer Seagate
Another reason why Seagate may not have fallen all that much is the fact that they are one of few dominant players in the market they serve. The same holds true for the companies outlined in our special free report entitled: “The 3 Dow Stocks Dividend Investors Need.” In it, we outline companies dominating their respective markets and paying strong, sustainable dividends to boot. To access this report, completely free of charge, click here now.