Goats of the Dow

by: Bespoke Investment Group October 30, 2008 | about stocks: BA / CVX / GE / IBM / JPM / MCD / XOM    

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Along with Rays coach Joe Maddon, who made a few baffling coaching moves in last night's World Series game, there were a few other goats yesterday. 

Below (click to enlarge) we highlight the impact that the 30 Dow stocks had on the index from its 3:47 PM peak to the close yesterday.  As we noted in our last post, the index declined more than 400 points in the final 13 minutes of trading. 

While General Electric (GE) took part of the blame for the decline, it was the two Energy stocks in the Dow that impacted it the most.  Exxon Mobil (XOM) and Chevron (CVX) cost the index 50 points in the final minutes of trading, followed by JP Morgan (JPM) (-20 pts), IBM (IBM) (-19 pts), McDonald's (MCD) (-17.4 pts), and Boeing (BA) (-17.4 pts).  GE was actually one of the stocks that impacted the index the least, costing it just 5.81 points. 

Dowimpact1030

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This article has 4 comments:

  •  
    Oct 31 06:01 AM
    I bet a woman President will run this country and Wall Street better than a man. Too bad the media don't see it that way.
    Reply | Link to Comment
  •  
    Oct 31 08:09 AM
    How hard is it to run a self oiled machine ???
    Reply | Link to Comment
  •  
    Oct 31 11:06 AM
    how the points are calculated?
    Reply | Link to Comment
  •  
    Oct 31 12:43 PM
    The way I c it a women could not hurt being president. Matter of fact your next door neighbor might be the best president yet.
    Reply | Link to Comment
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