CHICAGO Jan. 20, 2011 " "
Rare Bloodbath for S&P and Nasdaq
January 20, 2011 IBM IBM
The S&P 500 Index and the NASDAQ Composite are declining very sharply today. The catalyst for the decline today could be the weak financial stock earnings or perhaps just a very overbought stock market.
China India Brazil the United States $3.00
Oh, we should remember that the Dow Jones Industrial Average is not down very much today. This is the index that the public follows when they turn on the evening news. The Dow Jones Industrial Average (DJIA) is a price cap weighted index and not a market cap weighted index like the S&P 500 Index and the NASDAQ Composite.
IBM IBM $5.29 to $155.90
Today the DJIA is trading lower by just 0.18 percent, meanwhile, the S&P 500 Index and the NASDAQ Composite are trading lower by more than 1.00 percent.
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