LEN

What Did the Dow Jones Industrial Average Do Today?

MoneyMorning.com Report - So, what did the Dow Jones Industrial Average do today? Here's how the stock market did today, earnings reports, the topstock market news and stocks to watch based on today's market moves...

How Did the Stock Market Do Today?

Dow Jones:17,568.53; -163.39;-0.92%

S&P 500:2,079.65; -22.50;-1.07%

Nasdaq:5,088.63; -57.78;-1.12%

Today, the Dow Jones Industrial Average fell 163 points on the day, extending the index's losing streak to four days. A sharp decline in materials and healthcare stocks and a decline in commodity prices offset strong earnings reports by Amazon.com Inc. (Nasdaq: AMZN), Visa Inc. ( V ), and Starbucks Corp. (Nasdaq: SBUX).

The S&P 500 Volatility Index (VIX), the market's fear gauge, gained 12%.

Top Stock Market News Today

  • Stock Market News: The markets slipped today as the basic materials sector took a big hit and new home sales fell to a seven-month low. The decline in home sales was a bit of a blow to the industry and puts the sector's recovery in a holding pattern as the summer buying season continues. Shares of R. Horton Inc. ( DHI ) slumped more than 2.5%, Ryland Group Inc. ( RYL ) fell nearly 3%, and Lennar Corp. ( LEN ) dipped 3.6%.
  • Oil Outlook: Oil prices slumped to their lowest levels since March as traders worried about oversupply on the global markets. WTI crudefutures for September fell 0.6% to hit $48.15 per barrel. Meanwhile, Brent oil prices slipped 1.3% to hit $54.73 per barrel. Both U.S. and Brent crude are on pace to post monthly losses of more than 10%.
  • On Tap Next Week: On Monday, earnings week continues and speculation about a pending rate hike by the U.S. Federal Reserve will be in full swing. Theeconomic calendarfor next week is relatively light with the exception of a very important Q2 GDP reading on Thursday. Companies reporting earnings on Monday include Baidu Inc. (Nasdaq: BIDU), Sohu.com Inc. (Nasdaq: SOHU), Norfolk Southern Corp. ( NSC ), Rent-A-Center Inc. (Nasdaq: RCII), Roper Industries Inc. (ROP), and PolyOne Corp. (POL).

Stocks to Watch: T, DTV, AMZN, WMT, ANTM, CI, SFG, TRUE

  • Stocks to WatchNo. 1, T: After one year of review, the Federal Communications Commission (FCC) formally approved the $48.5 billion merger between AT&T Inc. (T) and DirecTV (Nasdaq: DTV). This deal combines the nation's second-largest wireless carrier with the nation's largest satellite-TV provider. The deal officially makes the combined firm the largest pay-TV company, surpassing Comcast Corp. (Nasdaq: CMCSA). Shares of DirecTV were up 1.5% on the day. This morning, AT&T reported adjusted quarterly per-share profits of $0.69, beating Wall Street estimates by $0.06. The firm credited a boost in its customers for the quarter for the surprise earnings report. Shares of AT&T were up 1.5% on the day.
  • Stocks to Watch No. 2, AMZN: Shares of Amazon.com Inc. (Nasdaq: AMZN) finished up more than 10% on the day (and rose as much as 20.4% during today's trading session), after the company shattered quarterly profit expectations. For a brief period, the firm's market capitalization hit nearly $270 billion, surpassing retail giant Wal-Mart Stores Inc. (WMT). Yesterday, Amazon reported that quarterly revenues hit $23.185 billion, up from $19.34 billion in the same period last year.
  • Stocks to Watch No. 3, ANTM: Shares of Anthem Inc. (NYSE: ANTM) slipped 2.8% after the company officially announced it would purchase Cigna Corp. (NYSE: CI) in a deal worth $188 per share. The deal will create the nation's largest health insurance company and reduce the number of large players in the industry from five to three, following additional consolidation in the sector. Once combined, the new company will insure 53 million customers and generate revenue of $115 billion.
  • Stocks to Watch No. 4, SFG: Shares of Stancorp Financial Group Inc. (SFG) surged more than 47% after the company agreed to be acquired by Japan's Meiji Yasuda Life Insurance for $5 billion.
  • Stocks to Watch No. 5, TRUE: Shares of Truecar Inc. (Nasdaq: TRUE) fell more than 35% after the online car-shopping firm slashed its 2015 revenue outlook following a brutal conference call in which to company said it expected a loss of up to $15.5 million.

What Investors Must Know This Week

Stay informed on what's going on in the markets by following us on Twitter@moneymorning .

To get full access to all Money Morning content including our latest Premium Report, "How to Make 2015 Your Wealthiest Year Ever," click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience - for free . Our experts - who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV - deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.