Wal-Mart Stores, Inc. (WMT), General Electric Company (GE): Dow (.DJI) Retreats Into the Holiday Weekend


^DJI Chart

^DJI data by YCharts.

Ugly, isn’t it? That’s how the Dow Jones Industrial Average traded through August. So it should come as no surprise, as we head into a three-day holiday weekend, that investors are selling, sending the Dow 0.15% lower as of 2:45 p.m. EDT. The market was choppy following recent headlines suggesting that the U.S. could lack international support for a military intervention in Syria. Here are some of the biggest movers inside and outside of the Dow.

Wal-Mart (WMT)

Wal-Mart Stores, Inc. (NYSE:WMT) is fresh off a disappointing earnings report, but it’s one of few winners in the Dow today, gaining 0.8% after the University of Michigan Consumer Sentiment Index fell to 82.1 from 85.1 in July but nonetheless beat expectations. Wal-Mart Stores, Inc. (NYSE:WMT) and competitors will face short-term headwinds if consumer sentiment and spending drops.

In other news, Wal-Mart Stores, Inc. (NYSE:WMT) announced plans to give a low-interest $50 million loan to various factories in Bangladesh in order to help them improve workplace safety after more than 1,100 workers were killed in a garment plant collapse in April and 112 workers died in a factory fire in November.

General Electric Company (NYSE:GE) is making modest gains today after The Wall Street Journal reported that GE will launch an initial public offering in early 2014 for its consumer finance arm. While the segment brought in a fair amount of profit, this is largely a good move for General Electric Company (NYSE:GE), which will now have more time to continue building its economic moat for its industrial businesses. General Electric Company (NYSE:GE) has been shedding businesses over the past few years in order to focus the bulk of its future growth in the power infrastructure market.

Outside the Dow, investors cheered Apache Corporation (NYSE:APA)‘s decision to sell 33% of its Egypt oil and gas business to China’s Sinopec for $3.1 billion, sending the stock price up almost 9%. The Egyptian asset produced more than 363,000 barrels of oil per day and $2.7 billion in cash flow last year. However, as violence and unrest rise in Egypt and Syria, investors worry that its production could be disrupted.

The article Dow Retreats Into the Holiday Weekend originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller has no position in any stocks mentioned. The Motley Fool owns shares of Apache and General Electric Company.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!