( At 6:05 p.m. EDT) No surprise here. New week, a loss for the Dow Jones Industrial Average. Still only two weeks this year have started with the index in the green. This time, the index fell 51.29 points, or 0.6%, to 8025.00. When the closing bell sounded, nine stocks had risen and 21 were lower than where they started. The biggest contributors to the setback were DuPont ( DD) and Chevron ( CVX), which together accounted for roughly 20 points of the drop. Boeing ( BA) and Wal-Mart ( WMT) added 11 points, but that wasn't enough to offset the selling pressure. As was the case throughout, General Motors ( GM) was the top stock on a percentage basis, gaining 20.7% to $2.04. Pfizer ( PFE) came in second with a 2.4% gain to $13.49. With the pullback, the Dow's month-to-date advance was cut to 5.5%, and it's year-to-date loss was taken to 8.6%. On the whole, it's still in good shape since that 12-year low on March 9. From that 6547 reading, the Dow is up 22.6%.
Last Hour on Its Way
( At 2:25 p.m. EDT) Another weak Monday. What else is new? That's about all we get. As noted before, we've only seen two weeks in 2009 that started with a win. We're four months into the year, so needless to say that's not a good track record. Of course, the market stumbled and slid until nearly the middle of March before its fortunes began to change. Since then we've been trending upward, which is nice to see, though Mondays haven't done us any favors.