Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



What's Dogging 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

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

Today was just the third full day of trading since the Federal Reserve shocked financial pundits and continued its easy-money policies indefinitely last week. Although the Dow Jones Industrial Average (DJINDICES: ^DJI  ) instantly jumped about 150 points during last Wednesday's announcement, it only took two days for the average to lose all that and more. The 49-point, or 0.3%, slip today should send a clear enough message to investors: No one cares about what the Fed said last week. All eyes are on the future. The blue-chip index ended at 15,401 on Monday. 

UnitedHealth Group (NYSE: UNH  ) ended as the Dow's top performer, adding 1.8% today. Shares had shed more than 4% in their last four sessions before today's gains, a mini-sell-off caused in part due to Walgreen's (NASDAQ: WBA  ) decision to move its employee health-care plans to private exchanges. One Citigroup analyst, however, noted Monday that he didn't think the migration to private exchanges would necessarily be a negative for UnitedHealth shareholders, a sentiment that caused some on Wall Street to reexamine their pessimism. 

The Dow's second-best performer today was General Electric (NYSE: GE  ) , a company worth nearly $250 billion. GE is easily written off as a corporate behemoth incapable of providing meaningful upside to potential investors, if only because of its fearsome girth. Not only did Barron's have something different to say about the industrial giant in its weekend edition, but GE, too, had something to say in response. GE said, in essence, on Monday: "We just inked a deal to supply gas turbines to Algeria. In return Algeria will supply us with $2.7 billion."

The stock ended with 1.1% gains today.

On the less rosy side of the Dow, JPMorgan Chase (NYSE: JPM  ) lost 2.5% as word broke that the bank will yet again be sued. According to Reuters, the Justice Department is gearing up to file suit with the bank over mortgage bonds -- backed by toxic debt -- JPMorgan sold between 2005 and 2007. 

The stock market isn't directly analogous to professional sports, but if it were, Goldman Sachs (NYSE: GS  ) would've been the naive rookie who just made the team. You can guess what happened next: The naïve newbie received an excruciatingly painful wedgie.

Shares in the bank lost 2.7% today, which muddied a historic first day of Goldman's inclusion in the Dow. All signs point to Citigroup as the organizer of Goldman's initiation ceremony -- reports say that Citi's business has suffered in recent months as trading volume cooled down and sparked fears on Wall Street that less active markets could hit brokers like Goldman as well. 

Read/Post Comments (0) | Recommend This Article (9)

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: 2650617, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:43:26 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 9 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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 4:45 PM
^DJI $18228.30 Up +133.47 +0.74%
GE $29.88 Up +0.34 +1.15%
General Electric CAPS Rating: ****
GS $162.89 Up +1.41 +0.87%
Goldman Sachs CAPS Rating: ***
JPM $66.36 Up +0.58 +0.88%
JPMorgan Chase CAPS Rating: ****
UNH $140.79 Up +1.07 +0.77%
UnitedHealth Group CAPS Rating: ****