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Dow Posts Modest Gain on Mixed Day

Matt Thalman
January 11, 2013

While company earnings are supposed to drive the market higher or lower, that only seems to be the case on those few days of the year when the company officially reports earnings or announces possible future results. Most of the time, a stock moves higher or lower because of negative news, rumors, mergers, or a competitor's positive or negative results. Today, the majority of the Dow Jones Industrial Average's (INDEX: ^DJI  ) stocks are moving because of the latter, not actual company earnings. The index itself managed to move slightly higher, gaining just 17 points, or 0.13% and now rests at 13,488.

Of the Dow's 30 components, 15 of them ended the trading day in the red. This afternoon, I explained why three of the biggest Dow losers were Boeing (NYSE: BA  ) , Bank of America (NYSE: BAC  ) , and Hewlett-Packard (NYSE: HPQ  ) . To read about what negative news helped push these companies lower, click here. Or stick around to learn about the outside forces affecting the stock prices of UnitedHealth (NYSE: UNH  ) , Verizon (NYSE: VZ  ) , and AT&T (NYSE: