Intel and 2 Stocks Driving the DJIA Lower

The Dow Jones Industrial Average (NYSEARCA:DIA) is down today 2.68% and stands at 11,480. These stocks are getting hit particularly hard.

Boeing Co. (NYSE:BA): After a great week of orders for Boeing aircrafts, traders are booking gains before the market takes them all away. BA shares recently traded at $64.19, down $3.27, or 4.85%. Its market capitalization is $47.71 billion. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 3,811,238 shares versus a 3-month average volume of 5,953,050 shares. The company’s trailing P/E is 12.70, while trailing earnings are $5.05 per share.

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Chevron Corp. (NYSE:CVX): Chevron issued a mea culpa over the weekend regarding the oil spill in Brazil (NYSE:EWZ). CVX shares recently traded at $94.75, down $3.13, or 3.2%. Its market capitalization is $188.69 billion. They have traded in a 52-week range of $80.41 to $110.01. Volume today was 7,599,690 shares versus a 3-month average volume of 10,567,300 shares. The company’s trailing P/E is 7.02, while trailing earnings are $13.50 per share.

Intel Corporation (NASDAQ:INTC): A 6% reduction in technology spending by the city of Seattle could be bad news for top tech firms such as Intel. Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) are also getting slammed on the news. INTC shares recently traded at $23.50, down $0.79, or 3.25%. Its market capitalization is $119.64 billion. They have traded in a 52-week range of $19.16 to $25.50. Volume today was 27,320,704 shares versus a 3-month average volume of 63,506,200 shares. The company’s trailing P/E is 10.18, while trailing earnings are $2.31 per share.

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