These Stocks Crushed the Dow Today

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Another day, another triple-digit loss. The Dow Jones Industrials (INDEX: ^DJI  ) extended its streak of consecutive days with losses of more than 100 points to three today, with most analysts again blaming European economic problems for the decline. But the market actually recovered from bigger losses early on, as The Wall Street Journal reported that the Federal Reserve is considering new ways to boost employment and economic activity, including expanding use of the discount window.

Still, the Dow couldn't overcome the downdraft from some of its worst performers. Cisco Systems (Nasdaq: CSCO  ) fell almost 6% as the networking giant announced that it would make another round of layoffs, this time cutting 1,300 jobs. Yet as Fool contributor Tim Beyers wrote earlier today, Cisco's explanations for repeatedly cutting staff are getting a bit thin, and the company seems to be losing credibility in its turnaround efforts.

AT&T (NYSE: T  ) dropped more than 2% after reporting earnings. The company announced a drop in smartphone subsidies and beat earnings expectations, but slower growth in revenue and monthly contract customer counts raised concerns about AT&T's continuing leadership role in the wireless industry, especially as Verizon (NYSE: VZ  ) has sported a faster pace of customer gains. But the big question remains what will happen when the next iPhone comes out.

Finally, DuPont (NYSE: DD  ) finished down almost 2% on the day. In its quarterly report, the chemical giant beat earnings estimates and posted 8% revenue growth, but it warned that the company's full-year earnings will fall toward the low end of its previous forecast. DuPont's agricultural segment held up well, but the Europe's slowdown is definitely having an impact on the company, in terms of sales as well as currency impacts.

Break the streak
It's hard to deal with big downdrafts in the market. But the best stocks get through thick and thin to deliver good returns in the long run. To discover some, accept this invitation to read the Fool's special report on the Dow. Inside, you'll find three Dow stocks for investors of all kinds. The report is absolutely free, so get your copy today.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter, @DanCaplinger. The Motley Fool owns shares of Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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 (0) | Recommend This Article (9)

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.

Be the first one to comment on this article.

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: 1956235, ~/Articles/ArticleHandler.aspx, 10/22/2016 9:23:33 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...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
CSCO $30.15 Down -0.01 -0.03%
Cisco Systems CAPS Rating: ****
DD $69.70 Up +0.24 +0.35%
DuPont CAPS Rating: ****
T $37.49 Down -1.16 -3.00%
AT and T CAPS Rating: ****
VZ $48.20 Down -0.94 -1.91%
Verizon Communicat… CAPS Rating: ****