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What Caused the Dow's Drop Today

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The first day of December trading followed a predictable trend: The markets were once again almost entirely at the mercy of rumors surrounding fiscal cliff talks. Today, even as the president hosted a question-and-answer session regarding the fiscal cliff on Twitter, the overall sentiment was pessimistic, and the Dow Jones Industrial Average (INDEX: ^DJI  ) fell about 60 points, or 0.46%, to settle at 12,965. 

Despite the negative environment, Cisco Systems (Nasdaq: CSCO  ) managed to be one of the few gainers in the Dow today, rising more than 0.7% on a Monday that saw 22 of 30 index components decline. Investors may still be applauding the acquisition of network solutions firm Cariden Technologies last week for about $140 million. While normally acquisitions slightly drag down shares in the acquiring company, Cisco traded higher on the news last week and also bought two other companies in November.

DuPont (NYSE: DD  ) was not so popular, losing more than 1.7% to lead the index lower. The company lost ground on the heels of disappointing manufacturing data that bodes poorly for the diversified materials company. The widely watched manufacturing index from the Institute for Supply Management unexpectedly fell to under 50% in November, showing a slowdown in activity.

Outside the Dow, software giant Oracle (Nasdaq: ORCL  ) made waves after hours by announcing that the company will be issuing a special, "accelerated" dividend in December in anticipation of higher corporate taxes in 2013. The $0.18 dividend will be in lieu of three $0.06 dividends for the second, third, and fourth quarters of the company's 2013 fiscal year. 

Another technology company making (not-so-great) moves today was the online streaming company Netflix (Nasdaq: NFLX  ) . Shares tumbled 7% as investors weighed a Wall Street Journal piece on Sunday questioning the company's bold move into original programming -- a move that signals a continued push into an uber-competitive area with players such as HBO and Showtime.

The precipitous drop in Netflix shares since the summer of 2011 has caused many shareholders to lose hope. While the company's first-mover status is often viewed as a competitive advantage, the opportunities in streaming media have brought some new, deep-pocketed rivals looking for their piece of a growing pie. Can Netflix fend off this burgeoning competition, and will its international growth aspirations really pay off? These are must-know issues for investors, which is why we've released a brand-new premium report on Netflix. Inside, you'll learn about the key opportunities and risks facing the company, as well as reasons to buy or sell the stock. We're also offering a full year of updates as key news hits, so make sure to click here and claim a copy today.

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Related Tickers

10/25/2016 4:00 PM
CSCO $30.34 Down -0.12 -0.39%
Cisco Systems CAPS Rating: ****
DD $69.62 Down -0.52 -0.74%
DuPont CAPS Rating: ****
NFLX $126.51 Down -0.82 -0.64%
Netflix CAPS Rating: ***
ORCL $38.36 Up +0.09 +0.24%
Oracle CAPS Rating: ****