Industrial Average rebounds 300 points after terrible morning
Wednesday was a bad day for the Dow, but it could have finished far worse.
After plummeting nearly 525 points by lunchtime on the east coast, the Dow Jones Industrial Average rebounded by a hair over 300 of those points. All told, the stock compilation settled down 1.5 percent from the prior day’s close. For the actual U.S. trading day, it was down 1.4 percent.
That’s not good, but it’s not altogether terrible, considering DJI was down 3.4 percent from the prior close — and 3.3 percent from the open — at Wednesday’s 12:50 p.m. ET low.
The S&P 500 righted its ship even better, eventually not even dipping 1 percent over the six-and-a-half hour trading day.
Not all of the stocks listed here are components of the Dow, but it’s still worth using as a barometer for a bad day.
Disney only lost about half a percentage point all-told on Wednesday.
Netflix recovered enough from a really rough start to be down just seven-tenths of a percentage point. Read about its recent roller-coaster ride here.
Viacom ended up down only two-tenths of a percentage point, or, 8 cents.
21st Century Fox finished down all of 4 cents per share from the opening bell.
AMC was in line with the index of stocks, sliding 1.4 percent by 4 p.m. ET.
IMAX beat the index, settling down 1.2 percent.
Time Warner was down just a dime by the time everyone went home from Wall Street.
Comcast finished minus 12 cents on the day. No problemo.
Time Warner Cable bucked the trend big time, finishing up 2.8 percent. So, congrats, TWC shareholders — you’re rich, comparatively.
Dish was down 1 percent, wishing it was Time Warner Cable.
Starz suffered a 1.9 percent drop, despite a valiant comeback effort that continues after-hours.
CBS dipped in-line with the Dow, closing down 1.3 percent from 9:30 a.m. ET to 4 p.m. ET.
Google performed fairly poorly close-to-close, but open-to-close it was actually up 1.3 percent. Pretty darn good on a day like today.
Charter Communications gave TWC a run for its (positive) money, growing a rounded 2.1 percent on the day.
Discovery might be popping champagne at the moment, actually rising $0.15 per share through the day.
Scripps Networks Inc. dipped just 6 cents today — they’ll take it!
Twitter had the largest growth in our study, with the modestly priced stock rising 8 percent on a rough day. Read why here.
Apple rose 1.8 percent, because it’s Apple, and that company doesn’t do anything that it’s supposed to.
Verizon ticked up 5 cents in a tough spot — we can hear you now.
The moral of this story? The stock market is a long game — play accordingly.