The Dow Finishes Flat After Friday's Tumble

Investors must have had a good weekend, because today's trading was relatively calm following Friday's 1.5% drop, the first decline of more than 1% in over 80 days. Gaining just 2.38 points, or 0.02%, the Dow Jones Industrial Average was split relatively evenly between gainers (13) and losers (17). There really wasn't a consistent trend, either; there were stocks on both sides of the aisle from each sector.

Hewlett-Packard (NYSE: HPQ  ) has been a troubled stock this year, but it led the Dow's gainers today, up 1.59%. Counter this with another major player in the technology space, Microsoft, which led the losers, as shareholders lost 2.23% today. Financials also couldn't figure out what direction their industry wanted to head, with Bank of America (NYSE: BAC  ) up 1.17% and American Express (NYSE: AXP  ) tiptoeing into negative territory, down 0.21%.

On a day where many observers figured to see some further declines based on Friday's sentiment, it was a fairly bland day, especially with Caterpillar (NYSE: CAT  ) reducing its profit forecast and clothing conglomerate VF (NYSE: VFC  ) reporting skidding revenues out of the European market. We'll see whether Friday's downward pressure has been brushed aside and the market can remain resilient moving forward the rest of the week.

Caterpillar is the market-share leader in an industry in which size matters, and its quality products, extensive service network, and unparalleled brand strength combine to give it solid competitive advantages. Read all about Caterpillar's strengths and weaknesses in our brand-new report. Just click here to access it now.

Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America and Microsoft. Motley Fool newsletter services recommend American Express and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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: 2069441, ~/Articles/ArticleHandler.aspx, 10/28/2016 2:33:05 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 5 hours ago Sponsored by:
DOW 18,169.68 -29.65 -0.16%
S&P 500 2,133.04 -6.39 -0.30%
NASD 5,215.97 -34.29 -0.65%

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

10/27/2016 4:35 PM
^DJI $18169.68 Down -29.65 -0.16%
BAC $16.91 Up +0.04 +0.24%
Bank of America CAPS Rating: ****
CAT $83.01 Down -1.12 -1.33%
Caterpillar CAPS Rating: ***
HPQ $13.99 Up +0.08 +0.58%
HP CAPS Rating: ***
VFC $54.39 Up +0.28 +0.52%
VF CAPS Rating: *****