09/29/2008 will be written into history, actually already in THE HISTORY
Posted September 29th, 2008 by ericQuick 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 |


