Disappointing earnings from Oracle and lackluster new homes sales were enough to keep investors off balance Wednesday. The Dow Jones Industrial average eked out a slight gain – up 4 points to 12,107.74 – but tech stocks were roughed up.
The National Association of Realtors reported new home sales were less than expected in November, growing 4% to an annualized rate of 4.42 million, against expectations of 5.05 million.
Software giant Oracle depressed tech stocks after it missed analysts’ profit and sales targets for the first time in more than 10 years. The miss unsettled already skittish investors who remain fearful that a global recession will erode tech spending and profits into next year.
The tech-laden Nasdaq lost 26 points while the S&P 500 moved up 2.42 points.
Here are some more details from Wednesday’s trading session:
Dow Jones Industrial Average:
- Up 4.16 points, or 0.03%, to 12107.74
- Up two consecutive trading days.
- Up 341.48 points, or 2.90%, over the two-day period.
- Largest two-day points & percentage gain since December 01, 2011.
- Highest closing value since December 09, 2011
- An intraday high of 12119.70 occurred at 09:30:16 today, representing an increase of 16.12, or 0.13%.
- An intraday low of 11999.44 occurred at 12:28:41 today, representing a decrease of 104.14, or 0.86%.
- Twenty of the 30 component stocks rose, 10 fell.
- Today's top five contributors to The Dow's movement and their point contribution: CVX (13.32), KO (8.85), BA (8.70), XOM (8.48), TRV (7.11).
- Today's bottom five laggards: IBM (-43.67), UTX (-5.90), CSCO (-3.71), HPQ (-3.56), AXP (-3.25).
- Traded in negative territory for 96 percent of the day.
- Down 14.52% from its record close of 14164.53 October 09, 2007.
- Up 4.74% from 52 weeks ago.
- Down 5.49% from its 52 week high of 12810.54 on April 29, 2011.
- Up 13.63% from its 52 week low of 10655.30 on October 03, 2011.
- Month-to-date: up 0.52%.
- Year-to-date: up 4.58%.
Dow Jones U.S. Total Stock Market Index:
- Dow Jones U.S. Total Stock Market, 12887.39 (prelim)*, up 26.61 points, or 0.21%, or approximately $24.5 billion in market capitalization
- Up two consecutive trading days.
- Up 413.40 points, or 3.31%, over the two-day period.
- Largest two-day points & percentage gain since December 01, 2011.
- Up four of the past five trading days.
- Highest closing value since December 09, 2011.
- Down 2858.00 points, or 18.15% (approximately $4.2 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
- Up 89.52% (approximately $7.0 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009
- Down 2.00% from 52 weeks ago.
- Down 9.93% from its 52 week high of 14308.37 on April 29, 2011.
- Up 14.06% from its 52 week low of 11299.07 on October 03, 2011.
- Month-to-date: down 0.37%.
- Year-to-date: down 1.86%, or approximately $479 billion in market cap.
Data courtesy of Dow Jones Indexes.
