Stocks were knocked down right as the opening bell rung and have struggled to get off the mat for most of the trading session. It's the return of eurozone worries: Spanish bond yields are hitting new highs after part of the country asked for a bailout. Not surprisingly, Banco Santandar
U.S. debt, on the other hand, continues to be perceived as a safe haven.
That said, let's see how the three major indexes are faring and check out several stocks making headlines.
Dow Jones Industrial Average
Source: Yahoo! Finance as of 2:25 p.m.
The Nasdaq is declining worse than the Dow and S&P 500, giving back some of its recent gains. Oil is down $1.50 and the VIX
Meanwhile, all but two of the Dow components, Wal-Mart and General Electric
GE can thank that great quarter for its 2.5% gain. Investors are also excited about the conglomerate's energy initiative. By reorganizing the $50 billion unit into three separate segments, decision-making should be streamlined and more effective. GE went on an acquisition spree in the energy sector and clearly sees this segment as a key future growth driver. Meanwhile GE managed to top analyst estimates and forecast double-digit bottom-line growth for 2012.
GE's new manufacturing focus is paying dividends after the financial crisis took a toll on its Capital unit. However, that doesn't mean it's smooth sailing ahead. To help, we're offering comprehensive coverage for investors in a premium report on General Electric, in which our industrials analyst breaks down GE's multiple businesses. You'll find reasons to buy or sell GE, and you'll receive continuing updates as major events unfold during the year. To get started, click here now.
David Williamson owns shares of General Electric, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Chipotle Mexican Grill. Motley Fool newsletter services have recommended buying shares of Chipotle Mexican Grill. Motley Fool newsletter services have also recommended creating a bear put spread position in Chipotle Mexican Grill and a bull call spread position in Wal-Mart Stores. The Motley Fool has a disclosure policy.
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