09/29/2008 will be written into history, actually already in THE HISTORY

2008-09-29

09/29/2008 will be written into history, actually already in THE HISTORY

Quick summery:

The Dow Jones Industrial Average, which had posted a loss of less than 300 points heading into the House vote, posted a decline of nearly 700 points as the “nay” votes reached a majority. In recent action, the Dow was off more than 490 points, or 4.4%, at 10659.19, down nearly 7% since crisis erupted a few weeks ago on Wall Street following the meltdown of Lehman Brothers Holdings.
The S&P 500 was recently down 5.5% to 1146.80. All of the broad measure’s sectors traded lower, led by a nearly 8% slide in its financial category.
Oil futures dropped slid almost $8, trading under $100 a barrel in New York as fears about slowing demand due to global economic weakness gripped the commodity markets. The broad Dow Jones-AIG Commodity Index slid more than 4%.

One good news, iPhone price will be dropped. Apple’s shares recently were down 15% at $108.66 on the Nasdaq Stock Market, leading a broad sell off in technology stocks. n its report, Morgan Stanley cited recent negative data such as a string of Macintosh computer and iPhone order cuts and signs of pricing pressure heading into the holiday season. Not good for me, since I just got one.

Wall Street lives on as a capitalist symbol, but the new inhabitants of its bricks and mortar have reduced its reality to an echo.

OK, finally, DJIA

10372.54

-770.59

-6.92%

September 11, 2001 attacks, the Dow fell 684.81 points, or 7.1%.

The largest one-day percentage drop since 1914 occurred on “Black Monday“, October 19, 1987, when the average fell 22.61%.
The largest one-day percentage gain since the 1930s, 10.15%, occurred two days later on Wednesday, October 21, 1987 bringing the Dow back above 2,000 and in line for a yearly gain.
The largest one-day point gain in the Dow, an advance of 499.19, or 4.93%, occurred on March 16, 2000, as the broader market approached its top.

The Dow Jones Industrial Average (NYSE: DJI), also called the DJIA, Dow 30, or informally the Dow Jones or The Dow) is one of several stock market indices created by nineteenth-century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Dow compiled the index to gauge the performance of the industrial sector of the American stock market. It is the second-oldest U.S. market index, after the Dow Jones Transportation Average, which Dow also created.

The average consists of 30 of the largest and most widely held public companies in the United States. The “industrial” portion of the name is largely historical—many of the 30 modern components have little to do with traditional heavy industry. The average is price-weighted. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks—the sum of the component prices is divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, to generate the value of the index. Since the divisor is currently less than one, the value of the index is higher than the sum of the component prices.

COMPANY NAME	PRIMARY EXCHANGE	TICKER	ICB SUBSECTOR	WEIGHT PCT	USD CLOSE
3M Co.	New York SE	MMM	Diversified Industrials	4.96426	69.45
Alcoa Inc.	New York SE	AA	Aluminum	1.68263	23.54
American Express Co.	New York SE	AXP	Consumer Finance	2.823445	39.5
AT&T Inc.	New York SE	T	Fixed Line Telecommunications	2.144389	30
Bank of America Corp.	New York SE	BAC	Banks	2.623302	36.7
Boeing Co.	New York SE	BA	Aerospace	4.168692	58.32
Caterpillar Inc.	New York SE	CAT	Commercial Vehicles & Trucks	4.583989	64.13
Chevron Corp.	New York SE	CVX	Integrated Oil & Gas	6.215154	86.95
Citigroup Inc.	New York SE	C	Banks	1.440315	20.15
Coca-Cola Co.	New York SE	KO	Soft Drinks	3.751251	52.48
E.I. DuPont de Nemours & Co.	New York SE	DD	Commodity Chemicals	3.00143	41.99
Exxon Mobil Corp.	New York SE	XOM	Integrated Oil & Gas	5.764832	80.65
General Electric Co.	New York SE	GE	Diversified Industrials	1.804861	25.25
General Motors Corp.	New York SE	GM	Automobiles	0.697641	9.76
Hewlett-Packard Co.	New York SE	HPQ	Computer Hardware	3.417441	47.81
Home Depot Inc.	New York SE	HD	Home Improvement Retailers	1.891351	26.46
Intel Corp.	NASDAQ NMS	INTC	Semiconductors	1.372409	19.2
International Business Machines Corp.	New York SE	IBM	Computer Services	8.536097	119.42
Johnson & Johnson	New York SE	JNJ	Pharmaceuticals	4.960686	69.4
JPMorgan Chase & Co.	New York SE	JPM	Banks	3.448177	48.24
Kraft Foods Inc. Cl A	New York SE	KFT	Food Products	2.353824	32.93
McDonald’s Corp.	New York SE	MCD	Restaurants & Bars	4.517513	63.2
Merck & Co. Inc.	New York SE	MRK	Pharmaceuticals	2.295926	32.12
Microsoft Corp.	NASDAQ NMS	MSFT	Software	1.958542	27.4
Pfizer Inc.	New York SE	PFE	Pharmaceuticals	1.33381	18.66
Procter & Gamble Co.	New York SE	PG	Nondurable Household Products	4.920658	68.84
United Technologies Corp.	New York SE	UTX	Aerospace	4.35025	60.86
Verizon Communications Inc.	New York SE	VZ	Fixed Line Telecommunications	2.300214	32.18
Wal-Mart Stores Inc.	New York SE	WMT	Broadline Retailers	4.339528	60.71
Walt Disney Co.	New York SE	DIS	Broadcasting & Entertainment	2.340958	32.75

Rating: 7.7/10 (3 votes cast)

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2 Responses to “09/29/2008 will be written into history, actually already in THE HISTORY”

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Stocks and Bonds » Blog Archive » 09/29/2008 Will Be Written Into History, Actually Already in the … Says:
September 30th, 2008 at 2:08 am

[...] The Dow Jones Industrial Average , which had posted a loss of less than 300 points heading into the House vote, posted a decline of nearly 700 points as the “nay” votes reached a majority. In recent action, the Dow was off more than 490 …[Continue Reading] [...]
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Bailout » Blog Archive » 09/29/2008 Will Be Written Into History, Actually Already in the … Says:
September 29th, 2008 at 4:31 pm

[...] The Dow Jones Industrial Average, which had posted a loss of less than 300 points heading into the House vote, posted a decline of nearly 700 points as the “nay” votes reached a majority. In recent action, the Dow was off more than 490 …[Continue Reading] [...]
Reply - Quote