Today has been a wild ride for the Dow Jones Industrial Average
After leading aerospace companies lower yesterday, conglomerate United Technologies is down again -- by 0.5% today. United has traded lower on four of the past five days. Year to date, United Technologies is up 6.59%, while the Dow is doing just slightly better at 6.87%. On the other hand, United's competitor Honeywell International is only up 5.74% for the year.
Credit card companies are all trading lower today, led by American Express, which is down 2%. The card companies may have more competition to worry about than just each other. With the iPhone 5's Sept. 12 press date imminent, plastic may soon become a thing of the past. Apple's Passbook and potential near-field communication payment systems may cut into credit card companies' profits.
Finally, Kraft Food is trading a shade lower today, down 0.1% after competitor Campbell Soup
Have you missed it again?
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