Coming off a huge gain on Friday, the Dow Jones Industrial Average
Here's how the three major U.S. indexes fared on the day.
Index | Change | Ending Value |
---|---|---|
Dow Jones Industrial Average | -49.88 [-0.39%] | 12,727.21 |
Nasdaq | -11.53 [-0.40%] | 2,896.94 |
S&P 500 | -3.14 [-0.23%] | 1,353.64 |
JPMorgan Chase, which soared more than 6% after reporting earnings on Friday, gave back 2.7% of those gains today. The bank was also hit with a lawsuit by a former brokerage client for allegedly pushing investors to overpriced and underperforming funds. Home Depot, one of the more sensitive stocks on the Dow to the economy, fell 1.2% after the disappointing economic data, while Pfizer managed to buck the downward trend today, rising 1.4%. Check out the following video for more on what drove the Dow and the day's biggest winners and losers.
As evidenced with the negative economic news today, there is still a tremendous amount of uncertainty surrounding the market. That may tempt many investors to take their money and run far from stocks. But that can be one of the biggest mistakes investors can make. Some of the most successful stock picks are great dividend stocks purchased at attractive valuations on dips in the market. With that in mind, we've taken an in-depth look at all 30 Dow components and picked out our three favorite Dow dividend stocks that investors can buy right now. You can find the names and analysis of these companies in our brand-new free report: "The 3 Dow Stocks Dividend Investors Need." Read the report now -- it's absolutely free.