In today's edition, industrials editor and analyst Brendan Byrnes discusses the Dow Jones Industrial Average's uninspired day today. The blue-chip index finished essentially flat, dropping 0.03% on light trading. Investors appeared to be looking ahead to big events coming up, including possibly more guidance from the European Central Bank on the debt crisis and the minutes from the Federal Reserve's Aug. 1 meeting, to be released on Wednesday.
Looking individually, PC giant Hewlett-Packard was the Dow's biggest gainer, rising 2.9% ahead of its earnings release on Wednesday. Even though the stock has become much cheaper after dropping 22% this year, Brendan still doesn't see the stock as a compelling buy.
There was also a big deal in the health-insurance space, with Aetna agreeing to purchase Coventry Health Care for $5.6 billion.
Check out the following video below for more on which stocks were big movers today, as well as Brendan's opinion on the best way to play the market right now.
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