Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  USA  >  DJ Industrial    DJI

DJ INDUSTRIAL

(DJI)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Dow, S&P 500 dragged lower by Intel, IBM

01/22/2021 | 06:21pm EST

A duo of tech snags sank the Dow and the S&P 500 Friday, but the Nasdaq hit a record closing high.

The Dow fell 179 points. The S&P 500 shed 11. But the Nasdaq eeked out a 12-point rally, capping the strongest week for the index in more than two months.

But that gain for the Nasdaq masked big drops for two struggling tech names.

IBM was a big loser after it missed sales estimates and posted the fourth consecutive drop in quarterly sales. That stock slumped 10 percent.

Intel was the other drag. The chip giant's incoming CEO seemed to back away from the company's previous to start outsourcing the production of some of its chips. The uncertainty overshadowed better-than-expected quarterly results. Intel tumbled 9 percent.

For some on Wall Street, the heavy selling seen in those two tech names added to belief that this market is due for a pullback.

Peter Cardillo, chief market economist, at Spartan Capital Securities is in that camp.

"It's just a matter of time before we see a pullback of maybe eight percent. This market is really stretched out. And, you know, so far the news has been good. In fact, the macro news has been improving. The earnings got off to a good season. And, of course, we'll be seeing and hearing more about earnings next week. There are over 700 companies reporting."

Some key names to report results in the coming week include tech bellwethers: Apple, Facebook and Microsoft.

Economic releases on Friday were mostly upbeat. U.S. factory activity surged in January to its highest level in nearly 14 years, according to a private survey.

And home re-sales ended last year with a bang. Full-year sales grew 22 percent from the year before, fueled by record-low mortgage rates and an exodus from urban centers.


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.22% 121.26 Delayed Quote.-8.61%
DJ INDUSTRIAL -1.50% 30932.37 Delayed Quote.2.60%
FACEBOOK INC 1.15% 257.62 Delayed Quote.-5.69%
INTEL CORPORATION 0.63% 60.78 Delayed Quote.21.24%
MICROSOFT CORPORATION 1.48% 232.38 Delayed Quote.2.95%
NASDAQ 100 0.63% 12909.443133 Delayed Quote.-0.47%
NASDAQ COMP. 0.56% 13192.345407 Delayed Quote.2.36%
S&P 500 -0.48% 3811.15 Delayed Quote.1.95%
All news about DJ INDUSTRIAL
02/27Warren Buffett's Berkshire Hathaway Sees Profit Rise 23%--2nd Update
DJ
02/27Warren Buffett's Berkshire Hathaway Sees Profit Rise 23%--Update
DJ
02/27WARREN BUFFETT : Warren Buffett's Berkshire Hathaway Sees Profit Rise 23%
DJ
02/26WALL STREET WEEK AHEAD : Investors weigh new stock leadership as broader market ..
RE
02/26Globals stocks slide on inflation fears, dollar gains
RE
02/26WALL STREET STOCK EXCHANGE : Stocks Cap Losing Week as Bond Yields Jump
DJ
02/26Nasdaq ends higher, tech stocks retrace some losses
RE
02/26GameStop rally fizzles; shares still register 151% weekly gain
RE
02/26Tech Ticks Up, But Loses Ground On Week -- Tech Roundup
DJ
02/26US Stocks Fade Late in Friday's Volatile Trade; Dow Hit as Nasdaq Rebounds
MT
More news
News of the index components DJ INDUSTRIAL
05:06aJOHNSON & JOHNSON : Government Receives Second Batch of Johnson & Johnson Corona..
AQ
12:05aAP NEWS IN BRIEF AT 12 : 04 a.m. EST
AQ
02/27WALMART : Insiders Make Significant Stock Sales in WalMart (WMT) Shares Extendin..
MT
02/27PROCTER & GAMBLE : Insiders Make Significant Stock Sales in Procter & Gamble (PG..
MT
02/27J&J Covid-19 Vaccine Authorized for Use in U.S. -- 4th Update
DJ
02/27J&J Covid-19 Vaccine Authorized for Use in U.S. -- 3rd Update
DJ
02/27J&J Covid-19 Vaccine Authorized for Use in U.S. -- 2nd Update
DJ
More news
Chart DJ INDUSTRIAL
Duration : Period :
DJ Industrial Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DJ INDUSTRIAL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Top / Flop DJ INDUSTRIAL
MICROSOFT CORPORATION 232.38 Delayed Quote.1.48%
THE HOME DEPOT, INC. 258.34 Delayed Quote.1.21%
UNITEDHEALTH GROUP 332.22 Delayed Quote.1.02%
INTEL CORPORATION 60.78 Delayed Quote.0.63%
APPLE INC. 121.26 Delayed Quote.0.22%
MERCK & CO., INC. 72.62 Delayed Quote.-2.68%
CATERPILLAR INC. 215.88 Delayed Quote.-2.68%
INTERNATIONAL BUSINESS MACHINES CORPORATION 118.93 Delayed Quote.-2.89%
DOW INC. 59.31 Delayed Quote.-3.33%
SALESFORCE.COM, INC. 216.5 Delayed Quote.-6.31%
Heatmap :