The Dow Jones Industrials Average
Here's a look at how the three major indexes are digesting the news.
|Dow Jones Industrial Average||3.26||0.03%||12,635|
But the real diva today is megaconglomerate General Electric
The dividend from GE Capital to GE has been regarded as a crucial indication that the battered and bruised division has returned as a strong division again. Expected uses of the cash include share buybacks, acquisitions, or a larger dividend to shareholders.
The company also made a $700 million acquisition of mining equipment company industrea. The move comes at a time when the mining sector is booming, as evidenced by Caterpillar's
Off the Dow, however, there are some real dogs today. Both Staples
What to make of it
While watching the market each day can be fun, it's also very stressful. Instead, we suggest you tune out the commotion of the day-to-day movements and instead focus on learning about individual companies inside and out, like General Electric. After today's big news, many investors may think General Electric is a buy, but we'll actually give you a few reasons you should sell GE today. Whether you're a current GE shareholder or thinking about becoming one, it's worth learning about both the bear and bull cases for this stock. Read more here.