The DJIA is down more than another 150 points today, although it had been down 200 in pre-market activity before the Fed added liquidity this morning. We have been down actually less than triple digits before the last slide took us lower. Usually the market just shoots first and asks questions later, but right now there are actually some DJIA components that are either holding up quite well and some that are actually positive on the day. If the market slides further or tanks again you can kiss these gains here goodbye as well.
IBM IBM $111.36 +$0.63 (+0.5%)
JNJ J&J $60.88 +$0.05 (+0.1%)
PG P&G $65.23 +$0.26 (+0.4%)
UTX UNITED TECH $72.73 +$0.36 (+0.50%)
XOM EXXON MOBIL $84.14 +0.54 (+0.65%)
Here were our defensive stocks for a crummy market from last week.
Jon C. Ogg
August 10, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in the companies he covers.