Why the Dow Dropped for the Fourth Straight Day
The Dow Jones Industrial Average struggled yet again today, finishing down about a quarter of a percentage point. The loss marks the fourth straight for the Dow, which has now declined in 10 out of the past 11 trading days. The main culprit was again Greece, as investors continue to fear that the country might leave the eurozone. General Electric (NYS: GE) was the big winner on the day, finishing up 3.26% after it announced that its GE Capital division will begin returning a dividend to the parent company starting next quarter. Outside the Dow, retailer J.C. Penney (NYS: JCP) dropped a whopping 20% after reporting subpar earnings. Check out the following video for more in-depth analysis on what drove the Dow today, as well as some other winners and losers.
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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 Bank of America and JPMorgan Chase. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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