These Stocks Plunged With the Dow Today

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

For years, various actions from the Federal Reserve have been major underpinnings of the stock market. So when the Fed's most recently released minutes revealed further uncertainty about how long its massive quantitative easing operations are likely to remain in place, investors bailed out of stocks, commodities, and other risky assets in favor of Treasury bonds. By the end of the day, the Dow Jones Industrials (DJINDICES: ^DJI  ) closed down 108 points, while the S&P 500 and Nasdaq Composite had steeper losses of 1.25% and 1.5%, respectively.

Within the Dow, economically sensitive stocks were hardest hit. Bank of America (NYSE: BAC  ) fell more than 3% as fears that the favorable conditions that it and its banking peers have enjoyed for years could disappear. Some investors may also have reacted to news that CEO Brian Moynihan got paid $12 million in 2012, although with the bank's stock having doubled last year, it's hard to be too critical of the pay package.

Elsewhere, metals and materials stocks got slammed, with Freeport-McMoRan Copper & Gold (NYSE: FCX  ) sinking 6% on a terrible day for commodities. Gold prices plunged $40 per ounce. These days, investors seem to equate any hint that the Fed could raise interest rates with a higher cost of carrying gold, which may lead them to liquidate precious-metals positions in favor of income-producing assets.

Finally, rural telecom Windstream (NASDAQ: WIN  ) fell more than 4% after a downbeat earnings report. The company reported a profit of just $0.02 per share, missing analyst estimates even after adjusting for one-time items as subscriber losses and weakness in its traditional voice and long-distance business continue to mount. On the positive side, though, the company reaffirmed its current dividend of $0.25 per quarter, allaying fears caused by rival CenturyLink (NYSE: CTL  ) when it slashed its dividend by roughly 25% last week.

Is B of A headed lower?
The Fed may have helped Bank of America's stock in 2012, but has the bank reached its turning point? To find out whether B of A is still a buy, read the Fool's premium research report. Inside, analysts Anand Chokkavelu, CFA, and Financials Bureau Chief Matt Koppenheffer lift the veil on the bank's operations, including three reasons to buy and three reasons to sell. Click here now to claim your copy. As an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.

Read/Post Comments (0) | Recommend This Article (3)

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: 2267606, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:41:24 PM

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 18,229.57 134.74 0.74%
S&P 500 2,160.94 14.84 0.69%
NASD 5,299.59 42.10 0.80%

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

9/27/2016 1:26 PM
^DJI $18229.64 Up +134.81 +0.75%
BAC $15.24 Up +0.15 +0.96%
Bank of America CAPS Rating: ****
CTL $27.43 Up +0.12 +0.45%
CenturyLink CAPS Rating: **
FCX $10.15 Down -0.36 -3.43%
Freeport-McMoRan C… CAPS Rating: ****
WIN $10.29 Up +0.14 +1.38%
Windstream CAPS Rating: **