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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Symbol Name Price Change % Volume
WPX WPX Energy Inc. 9.24 -0.06 -0.65 7,913,627 Trade
GE General Electric Co 27.21 -0.40 -1.45 41,329,428 Trade
FB Facebook Inc. 150.58 -3.01 -1.96 19,360,766 Trade
INTC Intel Corporation 33.65 -0.42 -1.23 27,078,918 Trade
IBM International Business Machines Corp 154.75 -0.48 -0.31 2,386,491 Trade
AAPL Apple Inc. 143.73 -2.09 -1.43 24,761,891 Trade
XLNX Xilinx Inc. 65.10 -2.26 -3.36 3,139,613 Trade
SWN Southwestern Energy Company 5.80 -0.10 -1.69 17,550,474 Trade
RRC Range Resources Corporation 22.65 -0.26 -1.13 5,886,753 Trade
BBY Best Buy Co. Inc. 56.18 -0.11 -0.20 2,455,340 Trade
BA Boeing Company (The) 198.89 -1.09 -0.55 2,296,887 Trade
MU Micron Technology Inc. 31.66 -0.84 -2.58 33,221,485 Trade
CGFAY Continental Cl S/Adr n/a n/a n/a 0


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