DJIA Continues Its Tumble While NASDAQ, S&P Continue to Climb

Michael Teague  |

Earnings continued to drive mixed results for stock prices on Wednesday, with the Dow Industrials off yet again and the Standard & Poor’s 500 as well as the NASDAQ enjoying another up day.

  • Dow Jones Industrial Average: -0.25 percent to 16,373.34

  • Standard & Poor’s 500 Index: +0.06 percent to 1,844.86

  • NASDAQ Exchange: +0.41 percent to 4,243

Our Top Stories:

On the Dow:

Earnings continued to be a downer for some of the largest US companies, and on Wednesday it was IBM’s (IBM) turn. The blue chip tech stalwart reported a miss on revenue expectations for the fourth consecutive quarter, resulting in a sell-off that saw the company close 3 percent lower.

The world’s largest chip-manufacturer Intel (INTC) was off by about 1 percent by the end of the session after the company announced that it would be laying off about 5 percent of its current staff.

Boeing (BA) lent an air of dignity to the struggling benchmark, adding nearly 3 percent by the end of the session after receiving large orders for its 787 Dreamliner from China, as well as General Electric (GE) .

On the S&P 500:

It was a big day for independent oil & gas stocks, with gains of at least 3 percent for each of Anadarko Petroleum (APC) , who benefitted from David Einhorn’s announcement that his Greenlight Capital would be taking a position in the company, and was followed by Southwestern Energy (SWN) , Range Resources (RRC) , and WPX Energy (WPX) .

Major retailer Best Buy (BBY) posted a 6 percent gain on heavy trading, after weathering the previous week’s brutal sell-off.

On the NASDAQ:

Tech shares drove the NASDAQ throughout the day. While Facebook (FB) was nearly 2 percent with Intel in tow, a number of tech stocks made substantial gains throughout Wednesday trading, including Micron Technology (MU) , Apple (AAPL) , Nuance Communications (NUAN) , and Xilinx Inc. (XLNX) .

 

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Companies

Symbol Name Price Change % Volume
WPX WPX Energy Inc. 12.38 -0.29 -2.29 6,506,611 Trade
GE General Electric Company 11.66 -0.15 -1.27 42,429,065 Trade
FB Facebook Inc. 221.44 -0.70 -0.32 14,162,011 Trade
INTC Intel Corporation 60.55 0.95 1.59 28,313,408 Trade
XLNX Xilinx Inc. 101.65 -1.24 -1.21 3,285,333 Trade
SWN Southwestern Energy Company 1.72 -0.14 -7.53 35,831,171 Trade
RRC Range Resources Corporation 3.63 -0.33 -8.33 15,090,661 Trade
BBY Best Buy Co. Inc. 90.24 0.30 0.33 3,607,365 Trade
MU Micron Technology Inc. 58.97 1.31 2.27 24,068,164 Trade
CGFAY Continental Coal Ltd ADR (Sponsored) (New) n/a n/a n/a 0
IBM International Business Machines Corporation 139.17 0.86 0.62 6,892,368 Trade
AAPL Apple Inc. 316.57 -2.16 -0.68 27,235,649 Trade
BA The Boeing Company 313.37 -10.78 -3.33 19,182,426 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

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