After a dismal start to the day, the stock market looked like it might manage to recover from a much-anticipated decline after last night's embarrassing rogue-trading disclosure from JPMorgan Chase tossed a monkey wrench into investor confidence. But even as consumer-sentiment figures rose to levels not seen since before the financial crisis, the Dow Jones Industrials
But amid the market's bad mood, a few pockets of strength clearly stood out. One group of winners came from the old-tech realm, as both Intel
As for Intel, the semiconductor pioneer had its analyst day yesterday, and today was a chance for those analysts to speak out. Although Intel pitched its ability to stay competitive even in the rapidly evolving world of computers and mobile devices, the same enterprise headwinds that smacked Cisco shares yesterday could hold down Intel's growth as well -- at least in the short run.
The other big winners of the day were telecom stocks AT&T
See you next week
Will the Dow bounce back next week? Don't worry about it! Stop thinking in terms of days and start thinking about investing for decades with The Motley Fool's special report on long-term investing. Inside, you'll find three promising stocks you can hold for the long haul. Get your free report today!