While most of the 30 stocks on the Dow Jones Industrial closed in the red yesterday, Kraft Foods Inc. (NASDAQ: KFT) and Pfizer (NYSE: PFE) bucked that trend. Kraft climbed 0.71%, according to Bloomberg, and Pfizer rose 0.25%. Pfizer announced yesterday that it had settled a lawsuit accusing Impax Laboratories Inc. (NASDAQ: IPXL) of infringing patents. But Pfizer is down 0.4% in premarket trading today.
The Dow’s biggest losers were Hewlett-Packard Co. (NYSE: HPQ), down 8.07%; Boeing Co. (NYSE: BA), down 3.35%; and Alcoa (NYSE: AA), down 2.71%. HP pulled down PC makers after some negative analyst chatter, while Boeing saw a big order from Qantas canceled. HP and Boeing are up about 0.2% in premarket trading, but Alcoa is 0.4% lower.
Like the Dow and the S&P 500, the Nasdaq closed lower Thursday. Chinese synthetic fabric maker Lizhan Environmental Corp. (NASDAQ: LZEN), which posted second-quarter results yesterday, saw its share price surge 127.27% to all of $0.25. China BAK Battery Inc. (NASDAQ: CBAK) rose 56.35% to $0.55 per share after it announced it had received an order from a Volkswagen joint venture.
The largest drop on the Nasdaq came from OptimumBank Holdings Inc. (NASDAQ: OPHC), which fell 18.63% following its report of a second-quarter net loss. Chinese retailer QKL Stores Inc. (NASDAQ: QKLS) fell 15.29%, also following a second-quarter report.
U.S. stock futures are down slightly this morning, and the S&P 500 Index may be headed toward its first weekly decline in almost two months, due to uncertainty over prospects for additional stimulus by the Federal Reserve and concern that European leaders are not making progress in solving the region’s debt crisis.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.