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Articles by Tom DeStefano
The Dow’s Lightweight Title
By and General Electric’s 2017 fall from grace has earned the Boston conglomerate a historic if unsought distinction as the lowest-weighted stock in the Dow Jones Industrial Average (meaning it had the lowest price). While the Dow has surged 19% this year, GE shares have dropped 42%, erasing more than $100 billion in market value. The distinction of cheapest stock in the Dow has alternated in recent years between GE and Cisco Systems. But the companies’ share prices have diverged in 2017.
Dow’s Climb Above 23000 Comes 30 Years After Black Monday
By Ben Eisen , Ken Jimenez and Tom DestefanoUpdated Oct. 18, 2017 4:35 pm ET The stock market crashed 30 years ago. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Tech Sector Catches Fire
By now it’s no epiphany that technology stocks are in favor. Apple recently passed $800 billion in market value for the first time, and both Amazon.com and Alphabet, the parent of Google, are each hovering around the rarely seen $1,000-a-share level. What you may not know is that by one measure, the 2017 tech-stock rally is already at levels...
The Tech Sector Catches Fire
What you may not know is that by one measure, the 2017 tech-stock rally is already at levels last seen in 2000. The S&P technology sector accounts for nearly a quarter of the S&P 500's market value. The last time that happened was 1999. The FAANG stocks have been on a roll, rising to new highs... ...and helping to drive repeated records in the Nasdaq and S&P 500.
Some Factoids on Apple’s Big Day
Apple Inc. on Tuesday became the first ever U.S. company to have a market capitalization of greater than $800 billion. Here are some factoids about Apple’s recent run: Apple closed at $153.99, up 0.98 cents, or 0.64%. Closed with a market value of $802.9 billion A new record close, its 18th record close of 2017 […]
This Chart Shows How Last Year’s Rout Barely Left a Trace
A year ago, investors couldn’t bail out of stocks fast enough. A barrage of selling that had begun at the beginning of January 2016 picked up steam in early February, sending stocks to their lowest levels in nearly two years. Fears about falling oil prices, an economic slowdown in China, and faltering U.S. data had investors working […]
The Highs and Lows of 2016 Through a Technician’s Eye
The nearly 10% rise in the S&P 500 in 2016 belies some wild swings throughout the year. The benchmark index fell more than 10% in the first month-and-a-half before recovering, putting it on track to finish higher by nearly as much. It was the biggest annual swing from losses to gains since the financial crisis. A […]
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