The 3 Dogs of the Dow
The Dow Jones Industrial Average (NYSE:DIA) is down today 1.19% and stands at 12,085. The stocks below are among the lagging and declining performers today.
Alcoa (NYSE:AA): Alcoa is following the same trend as the market, only in a more exaggerated form. Alcoa’s stock went way up last week, but the downturn today has reversed these gains somewhat. Alcoa and the materials sector will remain vulnerable to external shocks as the crisis in Europe continues to play itself out. Alcoa is down 4.67%.
Investing Insights: 5 Blue Chip Stocks Raising Dividends During Earnings.
Bank of America (NYSE:BAC): Other major banks in the U.S. have decided not to follow Bank of America’s decision to charge debit card users a $5 monthly fee, and now Bank of America is said to be considering a way to pull back this unpopular measure as well. Bank of America is down 4.63%.
JP Morgan and Chase (NYSE:JPM): MF Global (NYSE:MF) is declaring bankruptcy after Interactive Brokers decided not to buy the company. MF Global’s biggest creditor: JP Morgan, who is owed $1.2 billion. JP Morgan is down 3.43%.