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The Dow Now: Hewlett-Packard Up After Increased Investment in Linux


Intel was also up on the day.

MINYANVILLE ORIGINAL With uncertainty heavy in the day one day before the presidential elections, major US stock indexes stayed all but flat in mid-Monday trading.

"Our hope, probably shared by most investors, is the outcome is decided late tomorrow night and does not drag out over a number of days," wrote Fred Dickson, chief investment strategist at Davidson, in a note, according to MarketWatch.

The Dow Jones Industrial Average (INDEXDJX:.DJI) was down 0.12% to 13,077.74 points as of 11:57 a.m. EST.

Hewlett-Packard (NASDAQ:HPQ) was among the day's greatest gainers, advancing 1.16% to $13.92. It was reported earlier today that HP has upped its stake in the non-profit Linux Foundation, which, as Gary Kralow from The Street notes, "could ultimately mean we'll see another webOS-based device or two in the future."

Intel (NASDAQ:INTC) also inched up 0.85% to $22.02. With its recent $3 billion investment to build a new research facility in Hillsboro, Oregon, Intel is demonstrating that it is taking active steps toward building a stronger presence in the mobile chip sector.

UnitedHealth Group (NYSE:UNH) was the biggest decliner, sliding 1.91% to $54.98. Fellow health-care companies Aetna (NYSE:AET) (-0.59%), Cigna (NYSE:CI) (-0.38%), and WellPoint (NYSE:WLP) (-0.56%) also took a hit, as it appears more and more likely that the Affordable Health Care Act will be here to stay, which might weaken profit margins in the US for these companies.

It was also a bearish day for financials, with Bank of America (NYSE:BAC) falling 1.73% to $9.68 while JPMorgan (NYSE:JPM) slid 0.93% to $42.03. American Express (NYSE:AXP) was also down 0.86% to $56.22. The bellwether Financial Select Sector SPDR ETF (NYSEARCA:XLF), which tracks all financial stocks in the S&P 500 (INDEXSP:.INX), fell 0.59% to $15.91.

Twitter: @sterlingwong
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