Rotten Tomato Stocks
No Result
View All Result
  • News
    Chicharrones recalled after illegal importation from Honduras

    Chicharrones recalled after illegal importation from Honduras

    Costco recalls organic chicken bone broth

    Costco recalls organic chicken bone broth

    EU Hits Intel With $400 Million Antitrust Fine in Long-Running Computer Chip Case

    EU Hits Intel With $400 Million Antitrust Fine in Long-Running Computer Chip Case

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

  • NYSE
    We Think EOG Resources (NYSE:EOG) Can Manage Its Debt With Ease

    We Think EOG Resources (NYSE:EOG) Can Manage Its Debt With Ease

    AT&T Inc. stock falls Tuesday, still outperforms market

    AT&T Inc. stock falls Tuesday, still outperforms market

    Is Nucor (NYSE:NUE) Using Too Much Debt?

    Is Nucor (NYSE:NUE) Using Too Much Debt?

    These 4 Measures Indicate That Colgate-Palmolive (NYSE:CL) Is Using Debt Reasonably Well

    These 4 Measures Indicate That Colgate-Palmolive (NYSE:CL) Is Using Debt Reasonably Well

  • NASDAQ
    Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

    Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

    Novavax Inc. stock falls Tuesday, underperforms market

    Novavax Inc. stock falls Tuesday, underperforms market

    Conduit Pharma Shares Fall 40% on Nasdaq Debut

    Conduit Pharma Shares Fall 40% on Nasdaq Debut

    Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade

    Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Chicharrones recalled after illegal importation from Honduras

    Chicharrones recalled after illegal importation from Honduras

    Costco recalls organic chicken bone broth

    Costco recalls organic chicken bone broth

    EU Hits Intel With $400 Million Antitrust Fine in Long-Running Computer Chip Case

    EU Hits Intel With $400 Million Antitrust Fine in Long-Running Computer Chip Case

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

    Stocks Drop in an Ugly Day as Allure Grows to Buy a Treasury Bill and Chill

  • NYSE
    We Think EOG Resources (NYSE:EOG) Can Manage Its Debt With Ease

    We Think EOG Resources (NYSE:EOG) Can Manage Its Debt With Ease

    AT&T Inc. stock falls Tuesday, still outperforms market

    AT&T Inc. stock falls Tuesday, still outperforms market

    Is Nucor (NYSE:NUE) Using Too Much Debt?

    Is Nucor (NYSE:NUE) Using Too Much Debt?

    These 4 Measures Indicate That Colgate-Palmolive (NYSE:CL) Is Using Debt Reasonably Well

    These 4 Measures Indicate That Colgate-Palmolive (NYSE:CL) Is Using Debt Reasonably Well

  • NASDAQ
    Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

    Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

    Novavax Inc. stock falls Tuesday, underperforms market

    Novavax Inc. stock falls Tuesday, underperforms market

    Conduit Pharma Shares Fall 40% on Nasdaq Debut

    Conduit Pharma Shares Fall 40% on Nasdaq Debut

    Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade

    Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

These 2 Dow Giants Caused Stock Market Pain on Tuesday

Editorial Staff by Editorial Staff
May 12, 2021
0
These 2 Dow Giants Caused Stock Market Pain on Tuesday

Stocks continued to trade in choppy fashion on Tuesday, sending popular stock indexes down more than 2% at their worst levels of the day. As the trading session progressed, though, things improved — somewhat. By the end of regular trading Tuesday afternoon, only the Dow Jones Industrial Average (DJINDICES:^DJI) was still down more than 1%, with the S&P 500 (SNPINDEX:^GSPC) seeing more modest declines and the Nasdaq Composite (NASDAQINDEX:^IXIC) almost managing to get back to breakeven levels.

The Dow has been outperforming the Nasdaq recently, so it was surprising to see that dynamic reverse itself. Much of the decline in the Dow came from just a small number of stocks. Below, we’ll go through the impact of the two Dow components, in particular, and what it says about the market’s future.

How the market fared on Tuesday

Stock markets opened sharply lower, led downward by a big drop in technology stocks. However, the hardest-hit companies slowly clawed back much of their losses by the end of the day.

IndexPercentage ChangePoint Change
Dow(1.36%)(474)
S&P 500(0.87%)(36)
Nasdaq Composite(0.09%)(12)

Here are the Dow’s 2 worst decliners

The Dow Jones Industrial Average (DJIA) is a price-weighted benchmark. That’s unusual, and it means that the higher the price of a stock, the greater the impact that stock has for any given percentage move in its share price. For instance, a $200 stock falling 2% would have four times the negative impact on the Dow as a $50 stock falling by the same 2%.

On Tuesday, two high-priced stocks in the Dow were big culprits in the DJIA’s decline. Home Depot (NYSE:HD) finished lower by almost $10.50 per share, or 3%, representing roughly 70 points of the Dow’s drop. UnitedHealth Group (NYSE:UNH) also weighed heavily on the Dow, falling just over 2%, or about $9.20 per share, and accounting for about 60 points of the decline in the DJIA.

Neither stock had any notable news to justify the move. Home Depot will announce its latest quarterly earnings next week, and investors are upbeat about the home-improvement retailer’s prospects. Most of those following the stock expect a more than 40% rise in earnings year over year, with revenue growth likely to come in at 24%. Some of that positive impact is likely to stem from store closures in the year-ago quarter due to the COVID-19 pandemic, but some also comes from pent-up demand that could drive greater efforts to renovate and spruce up homes throughout 2021.

Meanwhile, UnitedHealth already reported its first-quarter results. The numbers absolutely wowed the investing community, as the health insurer has jumped to lofty heights in the weeks since then.

Keep your perspective

Nasty daily drops are always tough to endure. But it’s helpful to keep moves in a broader context.

Both Home Depot and UnitedHealth have done extraordinarily well so far in 2021. Hopes for an economic recovery have raised prospects for retailers across the industry, and despite political wrangling in Washington, it’s become increasingly evident that major reform efforts for healthcare could be very difficult to achieve. Even after today’s declines, Home Depot shares are still up almost 25% in the first 4 1/2 months of the year, and UnitedHealth is sporting a 17% gain.

It’s possible that these two stocks and others in the Dow could give up even more of their recent gains. Yet for long-term investors, the key is evaluating their prospects not in the next few days or weeks, but rather in the next several years or even decades.

Most of the Dow’s stocks have delivered extremely strong returns over long periods of time. If you can adopt that kind of investing philosophy, it’ll give you the perspective to weather days like this when they come.

Related Posts

Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’
NASDAQ

Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

September 26, 2023
Novavax Inc. stock falls Tuesday, underperforms market
NASDAQ

Novavax Inc. stock falls Tuesday, underperforms market

September 26, 2023
Conduit Pharma Shares Fall 40% on Nasdaq Debut
NASDAQ

Conduit Pharma Shares Fall 40% on Nasdaq Debut

September 26, 2023
Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade
NASDAQ

Driven Brands (NASDAQ:DRVN) Hits New 12-Month Low Following Analyst Downgrade

September 25, 2023
Load More
Next Post
Beware heightened risks of ‘fragility shocks’ in a market too dependent on the Fed, BofA warns

Beware heightened risks of ‘fragility shocks’ in a market too dependent on the Fed, BofA warns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Corus Entertainment 4Q Profit Falls

Corus Entertainment 4Q Profit Falls

October 22, 2021
Bitcoin Is Falling: Should You Buy the Dip?

Bitcoin Is Falling: Should You Buy the Dip?

May 3, 2021
US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

June 17, 2021

EDITOR'S PICK

Shoe Carnival Shares Down 7% On Weak Outlook

Shoe Carnival Shares Down 7% On Weak Outlook

May 22, 2021
Sunoco (NYSE:SUN) Stock Rating Lowered by StockNews.com

Sunoco (NYSE:SUN) Stock Rating Lowered by StockNews.com

January 16, 2023
US Stock Indexes Fall as Lockdown Protests Spread in China

US Stock Indexes Fall as Lockdown Protests Spread in China

November 29, 2022
Link Shares Fall After Losing Australian Pension Fund Client

Link Shares Fall After Losing Australian Pension Fund Client

June 29, 2023

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Chicharrones recalled after illegal importation from Honduras

We Think EOG Resources (NYSE:EOG) Can Manage Its Debt With Ease

AT&T Inc. stock falls Tuesday, still outperforms market

POPULAR POSTS

Is Nucor (NYSE:NUE) Using Too Much Debt?

Amazon sued by FTC, which alleges the company is ‘exploiting its monopoly power’

Novavax Inc. stock falls Tuesday, underperforms market

© Copyright 2023 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.