The Dow's 3 Biggest Winners Today
After a flat Tuesday on low trading volumes, bears returned with a bang to push all three major indices down for the day. The Dow Jones Industrial Average (INDEX: ^DJI) declined steadily from the opening bell and finished the day down 1.14%. The S&P 500 (INDEX: ^GSPC) and Nasdaq (INDEX: ^IXIC) dropped a bit more, down 1.25% and 1.34%, respectively.
Winners of the Dow
On a day in which all 30 Dow stocks ended negative, the term "winners" may really be better defined as "best losers." One of today's best losers turned out to be Procter & Gamble (NYS: PG) , which ended the day down 0.37%. P&G's performance is often the case for companies of its type in broad market sell-offs, as investors flock to consumer-goods stocks that are considered safe havens in a bear market.
Wal-Mart (NYS: WMT) also beat the market today, ending the day down just 0.17%. Analysts anticipate that Wal-Mart will be one of the winners of a solid holiday season. Retailers are expected to post $469 billion in holiday sales this year, up 3.8% from 2010, according to the National Retail Federation.
Another company down just slightly today was AT&T (NYS: T) . The company, which recently ended its bid to acquire T-Mobile, is still the highest yielder on the Dow. It finished the day down 0.30%.
Winners outside the Dow
One of the biggest winners outside the Dow was a Minnesota-based Arctic Cat (NAS: ACAT) . The snowmobile and ATV manufacturer jumped 20.75% after announcing that it has purchased back all of its shares that Suzuki Motor had owned. The company paid $79.3 million for the shares that Suzuki owned, which amounted to a 33% stake. The deal will reduce shares outstanding to 12.3 million, down from 18.4 million.
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At the time this article was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of Wal-Mart Stores.Motley Fool newsletter serviceshave recommended buying shares of Wal-Mart Stores and Procter & Gamble and creating a diagonal call position in Wal-Mart Stores. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.