Dow Plunges: How Did McDonald's, AT&T, and Coca-Cola Hold Firm?http://www.fool.com/investing/general/2014/04/10/dow-plunges-how-did-mcdonalds-att-and-coca-cola-ho.aspx Dan Caplinger
April 10, 2014
Thursday was a nightmarish day for the Dow Jones Industrial Average (DJINDICES: ^DJI), which plunged 266 points to post its worst decline since early February and reversing the gains it had earned earlier in the week. But even though the Dow tumbled, McDonald's (NYSE: MCD) and AT&T (NYSE: T) actually managed to gain on the day. Moreover, although Coca-Cola (NYSE: KO) wasn't quite as lucky as those Dow components, its losses were relatively minimal. How did these three stocks escape Thursday's carnage, and will they continue to outperform the Dow Jones Industrials going forward?
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In addition, those who remember the bear market of 2008 know that some stocks contributed more to the Dow's plunge that year than others. Remarkably, McDonald's managed to gain almost 9% that year, and while AT&T and Coca-Cola did have dramatic losses in the 25% to 30% range, they were still markedly better than the Dow's 34% decline.
Admittedly, these three Dow stocks have all gone through som