The Dow Jones Industrial Average
|Dow Jones Industrial Average||(127.0)||(1.02%)||12,375|
Today's sad faces
Off the Dow, it's a tug of war between conglomerates and energy for the worst-performing sector of the day, with both down around 1.75% on average. On the Dow, it's tech that's taking it on the chin, with the three worst-performing stocks of the day being Hewlett-Packard
It's no big mystery as to why Dell
Microsoft's Windows and Office divisions contribute a combined 60% of its revenue, while servers and tools contributes another 26%, and for all its strides toward Windows 8, Microsoft still remains firmly anchored in PCs. Intel is making similar transitions toward mobile chips, but with its PC client group comprising 65% of revenue, it still has a long way to go. Hewlett-Packard is the nearest competitor to Dell with regard to its business model and products, so it makes sense that HP would take the news the hardest.
While the company has been plagued by weak management and strategy of late, HP also recently regained its market-share crown from Apple
With the tech sector today taking a big haircut today and Apple showing resilience to the news, many investors may be convinced it's time to buy shares. Whether you're a current shareholder adding a bit more, or a sideline investor waiting to hop in, you need to read our top analysts' Apple report before doing anything. You can read more about it here. It's also updated every quarter free of charge.
What to make of it
Watching the market swing up and down like this can be exciting, but it's no way to invest. We suggest you tune out the commotion of the day-to-day market and opt for great individual stocks, like The Motley Fool's Top Stock for 2012. It's our chief investment officer's top pick for the year, and it may be yours, too. Read more about it here.