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) .


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
AAPL Apple Inc. 116.60 -0.46 -0.39 23,192,665
BA Boeing Company (The) 135.63 -0.21 -0.15 2,205,772
BBY Best Buy Co. Inc. 39.46 -0.02 -0.05 2,241,877
CGFAY Continental Cl S/Adr n/a n/a n/a 0
FB Facebook Inc. 132.07 2.07 1.59 19,088,794
GE General Electric Co 28.98 -0.09 -0.31 64,153,187
IBM International Business Machines Corp 149.63 -1.89 -1.25 4,414,206
INTC Intel Corporation 35.15 -0.28 -0.79 20,813,248
MU Micron Technology Inc. 16.94 -0.27 -1.54 18,710,303
RRC Range Resources Corporation 37.20 -1.39 -3.60 3,913,240
SWN Southwestern Energy Company 11.59 -1.06 -8.38 37,884,804
WPX WPX Energy Inc. 12.68 -0.17 -1.32 3,437,790
XLNX Xilinx Inc. 49.78 -0.31 -0.62 2,853,906


Emerging Growth

Reliq Health Technologies Inc.

Moseda Technologies Inc provides mobile and IT cloud computing to increase operational efficiency and security. It develops SmartFleet, a solution designed for commercial use, as well as SmartCare, a mHealth…

Private Markets


A peer-to-Peer authentic photo marketplace disrupting the $10B commercial photography industry.


Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…