DOW Jones Movers on the Day
Stocks in the DOW Jones Industrial Average that just didn’t feel the good side of the market today:
- General Motors (GM) – Fell $1.51 to $26.57 making it a 5%+ loss on the day. The company stock got downgraded today. Will this be the end of the current GM rally?
- Merck and Co (MRK) – Fell $1.42 to $33.14 which put it at a 4.11% loss on the day. Volume on the stock was almost 17 million shares which represents then a heavy distribution day today. Perhaps support will come around its 200 day moving average.
- Caterpillar Inc (CAT) – Fell $2.26 to $72.16 which was just over a 3% loss overall on the day. The stock did have a distribution day today, but the machinery-constr/mining industry group is still quite strong. Is a testing of $70 support next in line?
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