The markets opened up with sizable gains, but a late swoon at the end of the trading session cut into them. However, the broad indices still maintained to hold on to start the week off in the green for the first time in 10 weeks. The Dow Jones Industrials
|Index||Gain/ Loss||Gain/ Loss %|
|Dow Jones Industrial Average||21.34||.16%|
Source: Yahoo! Finance
The Dow Jones was quiet on the earnings front, as American Express turned in today’s worst performance of all the components, losing .89% of its market cap.
To find the day's true laggards, one needs to look just beyond the blue chips. Before the markets opened this morning, Tyson Foods
Beyond the meat market, Caribou Coffee Company's
Once again, Knight Capital was the market's whipping boy, dropping 25% on the day, and 70% since last week's trading miscue. Today, the company significantly diluted its stock in an attempt to keep the company solvent. Knight Capital sold $400 million of 2% convertible preferred stock in a desperate move to secure financing for the trading mistake that might ultimately lead to the firm’s breakup.
The foolish takeaway
The sentiment seemed favorable throughout most of the day, but looming obstacles still need to be traversed before the dark cloud of debt can be removed. According to S&P Capital IQ, six of the 10 sectors are expected to see growth decreased over the last quarter, meaning it's as important as ever to find solid companies that will help achieve your goal of a secure retirement. For this reason, our analysts have selected 3 Stocks That Will Help You Retire Rich!This report is absolutely free, but you need to get your detailed report now, because it will not be available much longer.
Joel South owns shares of no company listed above. The Motley Fool owns shares of Green Mountain Coffee Roasters. The Fool has created a bear call spread position in American Express. Motley Fool newsletter services have recommended buying shares of Green Mountain Coffee Roasters. Motley Fool newsletter services have recommended creating a lurking gator position in Green Mountain Coffee Roasters. Motley Fool newsletter services have recommended creating a write covered strangle position in American Express. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.