Latest Breaking News On - Alexander goldfarb - Page 1 : vimarsana.com
around 1840 on the s&p 500. nobody was particularly talking about that as a technical level but we did see suddenly a raft of sell programs come in a little after 11:00 as we hit that 1840 level and the market s just dropped lower. there is two reasons why the dow is underperforming the s&p 500. the first is that there are three dow components out with earnings and all of them are trading to the down side, not because they were necessarily terrible earnings, but investors sold right on the news. johnson & johnson beat but the outlook was disappointing. travelers had a very good beat, good numbers, but their commercial lines have been slowing down. the other reason the market is weak, the dow is underperforming, is high priced stocks, stocks over $100, are weighing on the dow and having a disproportionate effect. we have had a lot of high priced stocks in the dow recently. there are now seven over $100 and four of them are now having a negative effect on the dow. back to you.
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