Markets continue their week-long descent a day after the release of minutes from the Federal Reserve's latest meeting. Despite a more bearish stance, especially over unemployment, Ben Bernanke and Co. will not engage in any further stimulus for the time being.
That said, let's see how the three major indexes are faring and take a closer look at why the Dow is winning.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
(5.11) | (0.04%) | 12,599.42 |
Nasdaq |
(21.03) | (0.73%) | 2,868.03 |
S&P 500 |
(4.45) | (0.33%) | 1,337.00 |
Source: Yahoo! Finance as of 2:20 p.m.
The Nasdaq continues to show more weakness than the Dow and S&P 500, but that isn't surprising given the tech sector's 6% plunge this week amid earnings warnings and poor PC sales. The Dow's outperformance comes from a full third of its components showing gains for the day, with two stocks both soaring over 4%.
Procter & Gamble
Merck
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