October 2, 2012
It was almost impossible to find a loser on the Dow (INDEX: ^DJI ) yesterday. Today tells almost the opposite story.
While Monday's markets were lifted by positive American manufacturing statistics, the Spanish economy is keeping a lid on today's action. The Dow is down 0.5%, with only five of 30 stocks trading in the black, and the worst performers make their hay in the infrastructure sector.
Chemicals giant E.I. Du Pont de Nemours (NYSE: DD ) dropped 1.4%, and construction machinery expert Caterpillar (NYSE: CAT ) is down 1%. Together, these two stocks took 11 points off the index. In both cases, investors worry that European orders may suffer if Spain swallows its national pride and asks for a bailout.
Brand-new Dow member UnitedHealth Group (NYSE: UNH ) put its best foot forward in its index debut, gaining 0.1% at midday. That move pushed the Dow northward by a single point -- one of the biggest gains of the day.
The biggest winner? Technology conglomerate 3M (NYSE: MMM ) , which jumped 0.3% for three entire Dow points. Investors like the Post-It Notes maker's acquisition of ceramics maker Ceradyne, and media personality Jim Cramer just threw his support behind the stock on TV
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