“The Dow industrials declined 1.2% to a new bear-market closing low as bank stocks continued to grind downward. Bank of America and Citigroup dropped 14% each.”
The DJIA consists of just 30 stocks. For the price of a six-pack of decent beer (including tax), you could get a share each of GM ($2), Citigroup ($2.51) and Bank of America ($3.93). (The beer would have more value.)
3M Co
Alcoa Inc
American Express Company
AT&T Inc.
Bank of America Corporation
Boeing Co.
Caterpillar Inc.
Chevron Corp
Citigroup, Inc.
E.I. du Pont de Nemours and Company
Exxon Mobil Corp
General Electric Company
General Motors Corporation
Hewlett-Packard Co.
Intel Corporation
International Business Machines
Johnson & Johnson
JP Morgan & Chase & Co
Kraft Foods Inc.
McDonald’s Corporation
Merck & Co., Inc.
Microsoft Corporation
Pfizer Inc
The Coca-Cola Company
The Home Depot, Inc.
The Procter & Gamble Company
United Technologies Corporation
Verizon Communications
Wal-Mart Stores, Inc.
Walt Disney Company