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2 Dow Stocks Ran Out of Gas, While 2 Have Too Much of It

You win some, you lose some. The big winners one day may be the market's biggest losers the next.

That's what's happening to Caterpillar (NYSE: CAT  ) right now. The stock has been pulling the Dow (INDEX: ^DJI  ) for a couple of days, but the bulldozer ran out of gas today.

Recent good news about a healthy home construction market was overshadowed by a surprisingly high number of jobless claims, taking the wind out of Caterpillar's sails. The stock fell 1.7%, single-handedly removing 13 points from the Dow. Without this sudden plunge, the index would stand pat right now

Fellow industrial-tools maker United Technologies (NYSE: UTX  ) followed suit with a 1.5% price drop, or nine negative Dow points.

Oil producers largely balanced out these losses, despite reports of lower oil prices and bulging supplies worldwide. Chevron (NYSE: CVX  ) and Exxon Mobil (NYSE: XOM  ) combined to add 12 points to the Dow by midday. Some analysts believe the plunging oil price might be a special kind of flash crash and expect the commodity to make a full recovery.

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Fool contributor Anders Bylund holds no position in any of the companies mentioned. Check out Anders' holdings and bio or follow him on Twitter and Google+. The Motley Fool owns shares of Exxon Mobil. Motley Fool newsletter services have recommended buying shares of Chevron. The Motley Fool has a disclosure policy.

We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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Today's Market

updated Moments 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%

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Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
CAT $86.33 Down -0.30 -0.35%
Caterpillar CAPS Rating: ***
CVX $101.30 Down -0.57 -0.56%
Chevron CAPS Rating: ****
UTX $98.67 Down -0.62 -0.62%
United Technologie… CAPS Rating: ****
XOM $86.62 Down -0.59 -0.68%
ExxonMobil CAPS Rating: ****