All 3 Majors Down As The DJIA Falls Below The 11K Mark

Shares in Dow Jones Industrial Average (DJIA) components Coca-Cola, JPMorgan Chase and General Motors all lost some value today, contributing to the DJIA falling back down below the 11,000 mark.

JPMorgan Chase lost $0.75 to close @ $39.95 per share.

Stock in General Motors fell by $0.90 to close @ $20.96 per share. Drive train maker American Axle fell by $1.45 (7.3%) to close @ $18.40 per share (80% of American Axle's revenue comes from General Motors.)

Shares in Lear (they manufacture automotive interiors) fell by $1.13 (4.4%) to close @ $24.58 per share.

Shares in BorgWarner (they make parts for automatic transmissions) lost $2.30 to close @ $56.00 per share.

Shares in Network Appliance gained $2.23 (7.3%) to close @ $32.67 per share on rumors that IBM may be interested in buying the company.

Shares in Forest Laboratories added $2.74 (6.8%) to close @ $42.89 per share.

Unseasonably warm weather in the Northeast U.S. hasn't been enough to tame crude oil prices, as nervousness related to Iran's nuclear ambitions continues to keep the price of crude above $63.

Shares in Exxon-Mobil lost $0.63 to close @ $59.64 per share.

Shares in Halliburton fell by $1.12 to close @ $68.97 per share.


Today's Numbers:

DJIA: Closed Down @ 10,962.36 (-81.08)

NASDAQ: Closed Down @ 2,316.69 (-14.67)

S&P 500: Closed Down @ 1,286.06 (-8.12)

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NYMEX Crude Oil Future is currently $63.95/barrel

New York Spot Gold closed down @ $547.90/ounce

Currently, The U.S. Dollar buys 0.8306 Euros

Currently, The Euro buys 1.204 U.S. Dollars

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