The Dow Is Flat After Yesterday's Bloodbath

After yesterday's market massacre, investors today would have been happy with just about any measure of relief from the Dow Jones Industrial Average (INDEX: ^DJI  ) . The news today isn't great, but at least it's not bad: Although the Dow might not be recovering its terrible losses from yesterday, the index has managed to eke out a gain of 17 points, or 0.13%, as of 2 p.m. EDT. Stocks are fairly evenly split between gainers and losers, but at least the market hasn't crashed again today.

Bouncing back
Earnings season churns on, although today's results haven't hit with the same ferocity of the past few trading days. Aerospace giant Boeing (NYSE: BA  ) raised its 2012 guidance after beating earnings-per-share expectations for the third quarter, although shares of the company are flat after falling from earlier gains. Boeing has done well recently, picking up nearly 5% over the past month. The company's optimistic future outlook should reinforce investor confidence that Boeing sees more blue skies ahead, despite the looming fiscal cliff's potential hammer blow to defense contractors.

Around the Dow, the two major energy giants, Exxon Mobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) , have also recorded modest gains today. The stocks are up 0.1% and 0.8%, respectively, alongside several other notable energy and oil giants outside the Dow performing well so far.

Among today's leaders are Proctor & Gamble (NYSE: PG  ) and Pfizer (NYSE: PFE  ) . The two stocks are both trading near 52-week highs and have risen 1.2% and 1.3%, respectively.

Stocks continuing the slide
On the downside, Cisco (Nasdaq: CSCO  ) leads all Dow laggards by a mile, as it has fallen 3.3% on the day. Cisco was hit by a rival's reduced guidance, but the company has faced recent questions from analysts on its direction. Cisco's competitors have quickly adapted to using software-defining networking, a type of networking architecture that allows for quick optimization of routing. It's possible that these new upstarts could threaten Cisco's core router business, particularly as Cisco has been slow to adopt the trend itself.

Hewlett-Packard (NYSE: HPQ  ) and DuPont (NYSE: DD  ) ranked among the next tier of Dow laggards, each losing 0.7% so far. The latter continues its slide after its recent horrific earnings report sent the stock plunging.

Cisco's down today, but that could be just the opportunity you need to buy into this steady dividend-payer. Get the lowdown on the routing juggernaut in our premium report. Our report also has you covered with a full year of free analyst updates to keep you informed as the story changes, so click here now to read more.

Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services recommend Chevron and The Procter & Gamble Company. 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 (2)

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.

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: 2073530, ~/Articles/ArticleHandler.aspx, 9/20/2014 2:13:41 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...


Advertisement