3 Dow Jones Industrials Lagging the Rally
The Dow Jones Industrial Average (NYSE:DIA) is up today .93% and stands at 11,584. The stocks below are among the lagging and declining performers today.
Bank of America (NYSE: BAC): To make a very long story short, Bank of America has given two parting executives very generous compensation packages in order to avoid a “PR nightmare”. Corporate intrigue and investor confidence do not mix. Bank of America is down 0.80%.
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American Express (NYSE: AXP): It’s noteworthy that American Express lost 80% of its value in early 2009, but has more than tripled its stock since then. American Express is down 1.36% today.
Microsoft (NYSE: MSFT): Slowing IT spending and uncertainty in Europe is hurting Microsoft’s prospects. One a positive note, XBox sales account for 42% of all game console sales in the United States. Microsoft is actually up .12% at this moment.
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