The Dow and the two other major indexes were down for the second day in a row:
Dow Jones Industrial Average
That said, the market's still up for the week after Federal ReserveChairman Ben Bernanke's comments on Monday, indicating a willingness to effect more monetary stimulus to keep interest rates low, if the economy needs it.
Caterpillar, Alcoa, and United Technologies were down 3.5%, 2.3%, and 1.9% as durable-goods orders increased 2.2% in February. The news was viewed unfavorably because economists expected 3% growth.
A bright spot
Although 20 of the 30 Dow stocks were down today, all four financial stocks were up. Bank of America
Another bright spot
In non-Dow news, we saw the biggest first-day IPO pop since LinkedIn in May 2011. Annie's, the maker of packaged natural foods including pasta and snack lines, ran up 89% today. Its initial public offering was priced at $19 but closed at $35.92.
Who knew? A food company that pops like a social-networking IPO.
That's a wrap on the news for the day. For another stock idea, check out our free report: "Discover the Next Rule-Breaking Multibagger." It details an innovative company looking to revolutionize its industry. Grab a copy.
Anand Chokkavelu owns shares of Bank of America and JPMorgan Chase as well as long-date options on Bank of America and warrants on JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase and Bank of America. Motley Fool newsletter services have recommended creating a write covered strangle position in American Express. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.