Only 6 Dow Components Closed in the Red Todayhttp://www.fool.com/investing/general/2013/03/20/only-6-dow-components-closed-in-the-red-today.aspx Matt Thalman
March 20, 2013
Late this afternoon, Fed Chairman Ben Bernanke held a press conference that acted as a catalyst for the markets to push higher. The members of the central bank remain optimistic about the U.S. economy. They believe unemployment will drop to a range of 7.3% to 7.5% by the end of 2013, while projecting economic growth to fall somewhere in the range of 1.3% to 1.7%.
With that said, the Fed will keep buying bonds and will not raise interest rates until unemployment hits 6.5% or inflation rates climb to 2.5%. Thus, the cheap money train continues and investors jumped aboard. The broad S&P 500 index tacked on 0.67%, while the tech-heavy Nasdaq became the winning index of the day, after it closed higher by 0.78%. The Dow Jones Industrial Average (INDEX: ^DJI) gained 55 points, or 0.39%, and only six of the 30 blue-chip stocks ended the trading session lower.
This morning, I discussed the reasons why Caterpillar, JPMorgan Chase, and Verizon were in the red. Below, I talk about why the other three Dow losers were falling today.
Top Dow losers
Shares of Boeing (NYSE: BA) ende