Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 Stocks Following the Dow Lower

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

After the World Bank reduced its growth forecast for Asian economies, the Dow Jones Industrial Average (INDEX: ^DJI  ) is sliding lower today. As of 12:30 p.m. EDT, the Dow sits at 13,576, down more than 33 points or 0.25%. The World Bank cut its growth outlook for Asia-Pacific economies to 7.2%, down from 7.6% in May. The largest cut came in China, where growth was forecast at 8.2% in May, now revised to 7.7%. The Asia-Pacific slowdown comes during a time when the major risk to the world economy still remains the European debt crisis, closely followed by the U.S. fiscal cliff.

While the markets in general deal with these new concerns, Disney (NYSE: DIS  ) , Verizon (NYSE: VZ  ) , and AT&T (NYSE: T  ) , are falling for other reasons.

So why are they down?
Disney is trading lower this afternoon by 1.52% after Caris downgraded the company from "Above Average" to "Average." Mickey has seen his stock price climb in recent months: It's up nearly 40% year to date, and it hit an all-time high this year. Another factor weighing on the stock today is the poor performance from the company's Frankenweenie film. Taking just the fourth spot on its opening weekend, the animated movie brought in a meager $11 million. Sony's animated film Hotel Transylvania ranked second this weekend, even though it debuted back on Sept. 28.

Telecommunication giants Verizon and AT&T are trading lower by 0.85% and 0.42%, respectively, after a ruling late Friday by the Federal Communication Commission. The FCC plans to lossen regulations on programming deals. Cable operators such as Comcast and Time Warner Cable will stand to gain considerably as a result to the deal. In the past, cable companies were required to provide rivals with access to any content that was delivered by satellite to the cable network's main distribution point. The easing of regulation will make it more difficult for multichannel satellite broadcasting competitors to acquire content. Verizon, AT&T, DirectTV, and Dish Network will be the companies most likely to be hurt by the change. 

Foolishly investing
While the Dow moves lower today on fears from around the world, long-term investors know that things usually look worse than they are and that during times like these, the best action to take is none at all. But if you are concerned and would like to shore up your portfolio, take a look at this free report, which details out "3 Dow Stocks Dividend Investor Need." Each company has that X factor that makes it stand out from its peers. Simply click here to learn their names.

Matt Thalman has no positions in the stocks mentioned above. The Motley Fool owns shares of Walt Disney. Motley Fool newsletter services recommend Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (4)

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: 2048002, ~/Articles/ArticleHandler.aspx, 10/24/2016 10:40:27 AM

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 Moments ago Sponsored by:
DOW 18,228.27 82.56 0.45%
S&P 500 2,150.65 9.49 0.44%
NASD 5,303.78 46.37 0.88%

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

10/24/2016 10:25 AM
^DJI $18227.96 Up +82.25 +0.45%
DIS $93.25 Up +0.22 +0.24%
Walt Disney CAPS Rating: *****
T $36.98 Down -0.52 -1.37%
AT and T CAPS Rating: ****
VZ $48.34 Up +0.14 +0.29%
Verizon Communicat… CAPS Rating: ****