The major U.S. equity averages started today’s session in the red and then quickly sold off further, with the Dow Jones Industrial Average off more than 100 points early in the trading day. The indexes then never deviated much from their intra-day nadirs thereafter, holding a good portion of the initial losses to the closing bell.
Dow-30 component The Travelers Companies (TRV) may not have much wow factor at first blush, but there are certainly some things to like about it, which make it an interesting selection.
General Electric, an industrial conglomerate that is in the process of pivoting back to its industrial roots and selling off its financial-related holdings, has reported June-period results that depicted a solid overall showing. But with the stock trading at lofty levels heading into the release, investors chose to take profits following the earnings announcement.