Well, the markets are open, and most investors would agree that the Dow Jones Industrial Average (INDEX: ^DJI ) looks better today than it did yesterday. Even though it's down 44 points as of 12:50 p.m. EDT, the stock exchange is open, and that's at least something to be happy about. The index is at 13,058, down 0.375% on its first afternoon of trading since last Friday. Investors were left in the cold for a few days after the market remained closed for Monday and Tuesday due to Hurricane Sandy.
Since the markets were closed for a number of days, a number of other stories and headlines are now showing their impact on individual Dow components. Three stocks taking a hit because of events that happened in the past few days are Disney (NYSE: DIS ) , Boeing (NYSE: BA ) , and Cisco (Nasdaq: CSCO ) .
So why are they down?
Disney is sinking today after the company announced that it would be purchasing Lucasfilm. The deal was announced yesterday and will cost Disney $4.05 billion in cash and stock. Disney will pay half the purchase price in stock -- about 40 million shares, which will give George Lucas a 2.2% stake in Disney. The new stock will dilute current shareholders, but Disney has stated that it plans plan to repurchase the full 40 million shares back from the open market over the next two years. This new repurchase plan is in addition to the current program the company is running. Shares are off by more than 2% so far today.
Aircraft manufacturer Boeing has announced another deal in delivery of its 787 jets. Yesterday the company said at least two 787 jets headed to United Airlines (NYSE: UAL ) will not meet their original deadline. United will be the first U.S. costumer to receive the new fuel-efficient planes. Boeing's 787 program has been delayed a number of times in the past as it attempts to make aircraft lighter and use less aluminum. Boeing's stock price is down 1%.
Finally, Cisco shareholders are selling on news released Friday that some Chinese firms will stop using the company's telecom equipment. China Unicom (NYSE: CHU ) is reportedly replacing Cisco in one of China's most important backbone networks. Security flaws with Cisco's products have been cited as the reason for the move. This move will hurt Cisco's market share, which currently stands at 80%. This move affects only one of China's two main networks, which deliver a combined 80% of the country's Internet data. Cisco shareholders have cut the stock price by 0.4% at this point.
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