It looks like the bulls' run is officially done today, as all three major indexes are lower this morning.
Why are stocks trading lower? Chinese exports, which are generally gobbled up by healthy Western economies, only grew by 1%. This is a disastrous number compared to expectations of 8.6%, and a sign that China will need to further stimulate its own economy, but with the rest of the world stuck in a low-to-no-growth environment.
Let's take a closer look at how the three major indexes are faring and at several stocks making headlines.
Dow Jones Industrial Average
Source: Yahoo! Finance as of 11 a.m. EDT.
Roughly two-thirds of the Dow's components are seeing red, with the biggest loser currently Cisco, down 1.4% on no real news. However, most of the news today is coming off the Dow.
Famous soccer (football, for non-Americans) powerhouse Manchester United
Retailer J.C. Penney
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David Williamson holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Cisco Systems. 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.
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