After huge stock runs the last few months, it's interesting to watch reactions to earnings. Companies that are beating estimates are actually DOWN 10% in some cases, as the market gave them credit for earnings improvements before the actual results came out.
Thursday, October 22, 2009
A BIG disparity between the DJIA(+.4%) performance and that of the Nasdaq (-.4%). Travelers is up over 5%, boosting the Dow, but it's not a Nasdaq component. Also helping the DJIA but not Nasdaq are IBM, 3M and McDonalds.
Posted by Brendan Wagner at 9:28 AM