business newsDow Jones Industrial Average (INDEXDJX:.DJI) Midday Report: Index Slumps, Home Depot (NYSE:HD) Rallies
By
Alec Niedenthal
Sep 25, 2012 2:55 pm
Caterpillar is in free-fall mode.
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MINYANVILLE ORIGINAL The Dow Jones Industrial Average (INDEXDJX:.DJI) has slipped 35.17 points, or .26%, to 13,523.75, as of 2:31 p.m. EDT. It opened at 13,599.92 and has reached a high today of 13,620.21. The index likely owes this slump to Fed President of Philadelphia Charles Plosser’s comment that the bank’s QE3 is unlikely to spur growth. Housing growth stimulated the markets last week.
Futures are down 29 points to 13,460.
JPMorgan (NYSE:JPM) is down 1.14% to $40.77 after supposedly forecasting a jump in financial equities yesterday.
Home Depot (NYSE:HD) is up 1.12% to $60.06, owing to the rise of prices in the housing market.
Caterpillar (NYSE:C) is in freefall mode, currently down 3.27% to $87.90 following a slash in its earnings forecast.
Futures are down 29 points to 13,460.
JPMorgan (NYSE:JPM) is down 1.14% to $40.77 after supposedly forecasting a jump in financial equities yesterday.
Home Depot (NYSE:HD) is up 1.12% to $60.06, owing to the rise of prices in the housing market.
Caterpillar (NYSE:C) is in freefall mode, currently down 3.27% to $87.90 following a slash in its earnings forecast.
No positions in stocks mentioned.
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