4 Stocks Tanking the Dow Jones Industrial Average Now
Boeing (NYSE:BA) plane sales took a spanking from Airbus from January to August. Airbus sold a net total of 1,015 planes versus Boeing’s 370 sales. Boeing’s stock is down over 4%, making it one of the worst performing stocks on the Dow Jones Industrial Average (NYSE:DIA).
Hewlett-Packard (NYSE:HPQ) is down over 5.5% as investors embark on a new wave of selling. On Friday, Samsung (SSNLF.PK) denied rumors it’s considering an acquisition of HP’s webOS platform. HP’s stock is flirting with a 52-week low at $22.75.
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Bank of America (NYSE:BAC) and JP Morgan Chase (NYSE:JPM) are both down almost 5% as the financial services sector (NYSE:XLF) is one of the worst performing sectors today. These two big banks are getting hit hard as the robo-signing and mortgage securities fraud cases continue to plague the U.S. banks. The huge selloff in European banks — Royal Bank of Scotland (NYSE:RBS), Deutsche Bank AG (NYSE:DB), UBS AG (NYSE:UBS), Barclays (NYSE:BCS), Lloyds Banking Group (NYSE:LYG) — are also spilling over to the U.S. today.