Market Continues to Decline in Mid-Day Trading
The U.S. equity market is continuing to decline in mid-day trading, with all three major indexes currently in red. The Dow Jones is currently down 0.70% to 11,125.60, the S&P 500 is currently down 0.67% to 1,191.65 and the Nasdaq is currently down 0.04% to 2,517.09.
Wal-Mart Stores Inc. (NYSE: WMT) today said that it will match Black Friday discounts offered by its rivals. The retailer said that shoppers who bring in a rival ad can get their prices lowered at the cash register. With this move, the company is looking to capture a greater share of traffic on Black Friday. Shares of Wal-Mart Stores Inc. are currently down 0.20% to $54.28, after touching an intra-day low of $53.92.
General Motors Co. (NYSE: GM) today unveiled the first car under its new brand Baojun in China. With creation of the new brand, the Detroit, Michigan-based automaker is looking to step up its expansion in 3rd and 4th tier cities in China, which are becoming its main growth drivers in the country. Shares of General Motors Co. are currently down 0.03% to $34.25 after touching an intra-day low of $33.81. The stock is still trading above its IPO price of $33.
Hewlett-Packard Company (NYSE: HPQ) shares are seeing huge activity in trading today. The Palo Alto, California-based company will announce its fourth-quarter financial results after market close today. Shares of Hewlett-Packard Company are currently up 0.92% to $42.88 after touching an intra-day high of $43.08.
Related posts:
- Stocks Continue to Decline on China Tightening
- Market Opens Lower
- Markets Recover in Mid-Day Trading
- Stock Futures Point to Higher Opening
- Markets Still Looking Good
