Aside from a disappointing sales outlook from tech leader Dell, investors had little economic data to react to or run from Wednesday, resulting in a fairly eventless day of trading across the board.
The Dow nudged up 4 points to close at 11,410.21. Meanwhile, the tech-heavy Nasdaq closed off 11.97, or 0.47%, to 2,511.48 while the S&P 500 inched up 1.13 points to finish at 1,193.89.
That tech stocks -- and stocks from other industries for that matter -- didn't cave in the aftermath of Dell's revised is either a good thing or bad thing depending on your perspective
"You don't usually see tech down so sharply while the rest of the market is down less, which shows that the latest earnings have created a lot of concerns," Nicholas Colas, chief market strategist at the ConvergEx Group in New York, told Reuters.
Here are the details from Wednesday's languid trading session:
Dow Jones Industrial average:
-- Up 4.28 points, or 0.04%, to 11410.21.
-- Up four of the past five trading days.
-- An intraday high of 11529.67 occurred at 10:29:59 today, representing an increase of 123.74, or 1.08%.
-- An intraday low of 11322.30 occurred at 13:43:19 today, representing a decrease of 83.63, or 0.73%.
-- Seventeen of the 30 component stocks rose, 12 fell, one was unchanged.
-- Today's top contributors to The Dow's movement and their points contribution: KO (8.40), AXP (7.34), MCD (6.28), VZ (5.52), XOM (5.00).
-- Today's laggards: CAT (-12.94), HPQ (-9.23), MMM (-4.92), WMT (-2.80), DD (-1.21).
-- DJIA crossed zero 37 times during today's trading session.
-- DJIA moved 5163 points during today's trading session.
-- The average tick today was 0.50 point.
-- Down 19.45% from its record close of 14164.53 on Tuesday, October 09, 2007.
-- Up 9.55% from 52 weeks ago.
-- Down 10.93% from its 2011 closing high of 12810.54 on Friday, April 29.
-- Up 6.44% from its 2011 closing low of 10719.94 on Wednesday, August 10.
-- Down 10.93% from its 52 week high of 12810.54 on Friday, April 29, 2011.
-- Up 14.26% from its 52 week low of 9985.81 on Thursday, August 26, 2010.
-- Month-to-date: down 6.04%.
-- Year-to-date: down 1.45%.
Dow Jones U.S. Total Stock Market Index
-- Dow Jones U.S. Total Stock Market, 12404.92 (prelim)*, up 0.49 points, or 0.004%, or approximately $3.8 billion in market capitalization.
-- Up four of the past five trading days.
-- Down 3340.47 points, or 21.22% (approximately $4.6 trillion in market cap), from its record close of 15745.39 on Tuesday, October 09, 2007.
-- Up 82.42% (approximately $6.6 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009.
-- Up 10.08% from 52 weeks ago.
-- Down 13.30% from its 2011 closing high of 14308.37 on Friday, April 29.
-- Up 7.12% from its 2011 closing low of 11580.34 on Monday, August 08.
-- Down 13.30% from its 52 week high of 14308.37 on Friday, April 29, 2011.
-- Up 15.02% from its 52 week low of 10785.39 on Thursday, August 26, 2010.
-- Month-to-date: down 8.23%.
-- Year-to-date: down 5.53%, or approximately $869 billion in market cap.
Data courtesy of Dow Jones Indexes
