Today has been a wild ride for the Dow Jones Industrial Average (INDEX: ^DJI ) . After opening, it soon fell to a loss and then quickly bounced back -- but not all of the 30 components are in the green this afternoon. The Dow currently sits at 13,068 -- up 32 points, or 0.25% -- while United Technologies (NYSE: UTX ) , American Express (NYSE: AXP ) , and Kraft Foods (Nasdaq: KFT ) are all down for the day.
After leading aerospace companies lower yesterday, conglomerate United Technologies is down again -- by 0.5% today. United has traded lower on four of the past five days. Year to date, United Technologies is up 6.59%, while the Dow is doing just slightly better at 6.87%. On the other hand, United's competitor Honeywell International is only up 5.74% for the year.
Credit card companies are all trading lower today, led by American Express, which is down 2%. The card companies may have more competition to worry about than just each other. With the iPhone 5's Sept. 12 press date imminent, plastic may soon become a thing of the past. Apple's Passbook and potential near-field communication payment systems may cut into credit card companies' profits.
Finally, Kraft Food is trading a shade lower today, down 0.1% after competitor Campbell Soup (NYSE: CPB ) announced earnings yesterday. Even though the soup company beat expectations, gross margins fell, and the company expects costs to rise 4% this year. The higher input cost will ultimately affect the whole food industry. Each company will be forced to make a decision on whether to eat the cost or push it off on struggling U.S. consumers.
Have you missed it again?
Over the past few years, Apple's stock price has done nothing but move higher. With the new iPhone 5 release date getting closer, many investors believe now is a good time to load up again. But before you run out and buy shares, you must read this exclusive research report, in which our top tech analyst discusses some challenges and opportunities facing the company. Click here.