2 Winners and 2 Losers on the Dow Today
The Dow Jones Industrial Average (INDEX: ^DJI) is riding a rollercoaster today. It actually looks like a bunch of fun -- unless your capital is at risk.
The index climbed as much as 61 points this morning thanks to a double shot of good news. House prices are still on the rise, and "consumer confidence" is no longer an oxymoron. Home Depot (NYS: HD) enjoyed both ends of that double serving and led the Dow with a 2% jump at most.
But the party didn't last long. The Dow took a dive shortly after midday, and it currently trades some 19 points lower for the day.
Industrial-machinery maker Caterpillar (NYS: CAT) single-handedly took 20 points off the Dow, with a big chunk of the loss coming at lunchtime. The company just issued a cautious outlook for fiscal year 2015 -- yes, three years ahead. Some companies really do plan ahead. CEO Doug Oberhelman cited geopolitical and economic risk factors as he cut that long-term earnings outlook by 15%.
Other big moves include a 1.7% drop by Hewlett-Packard (NYS: HPQ) , which was hit by a reiterated "sell" rating from JPMorgan. "We recommend that investors avoid printing stocks [like] Hewlett-Packard," said the firm's research report. Meanwhile, General Electric (NYS: GE) gained 1.1% on regulatory approval for a uranium enrichment plant in North Carolina, plus some progress in the company's sale of $7 billion in MetLife deposits.
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The article 2 Winners and 2 Losers on the Dow Today originally appeared on Fool.com.Fool contributor Anders Bylund holds no position in any of the companies mentioned. Check out Anders' holdings and bio, or follow him on Twitter and Google+. Motley Fool newsletter services have recommended buying shares of The Home Depot. The Motley Fool has a disclosure policy.We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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