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Oct.10
1:26 PM ET
Friday, 10 Oct 2008
Dow Loses over $300 Billion in Market Cap over 2-days
Topics:Dow Jones Industrial Average | Stock Market
The Dow's market cap fell by -7.60% or $237B in one day, from Wednesday's close to Thursday's close. At the Dow's current levels of about 8,251, the Dow is on track to lose almost another 4% in market cap today or about another $106B in market cap
*If the Dow closes around 8,251 Friday, it will have a two day loss in market cap of $343B
Friday's Market Cap Ranking of the Dow (top 10): (as of 1pm)
-Exxon (XOM) $321B
-Wal-mart (WMT) $196B
-Microsoft (MSFT) $194B
-General Electric (GE) $190B
-Procter & Gamble (PG) $176B
-Johnson & Johnson (JNJ) $157B
-JP Morgan (JPM) $133.6B
-AT&T (T) $133.5B
-Chevron (CVX) $123B
-IBM (IBM) $116.5B
Dow Components Biggest Market Cap Losers by %:
- General Motors (GM) was the biggest loser with a loss of $1.2B in market cap or a -31.11% decline in market cap to $2.7B.
- GM is currently trading at lows at almost 60 year lows
- Since GM is trading up over 5% today, its current market cap is back up to $2.8
- Alcoa (AA) was the second biggest loser with a loss of $10B or a decline of -15.30% in market cap to $10.1B
- Alcoa is trading at almost 13 year lows not seen since December, 1995 when it closed at 12.44
- Alcoa is down about another 7% today, and at its current levels of about 11.60, it is on track to lose almost another $700M in market cap falling to $9.4B
- Chevron (CVX) was the third biggest loser yesterday with a loss of almost $19B in market cap falling to a market cap of $131B
- At 58, Chevron is trading at more than 2-year lows
- Chevron is down another 10% today and is on track to lose another $12.5B in market cap
- Exxon Mobil (XOM) was the 4th biggest loser with a loss of $46B in market cap, falling to $353B market cap
- Exxon is trading at more than 2 year lows not seen since May, 2006
- At about 62, Exxon is down over 9% again today, and on track to lose another $33B in market cap
- American Express (AXP) was the 5th biggest loser with a loss of $3.6B in market cap falling to $27.8B in market cap
- American Express is trading at more than 6-year lows, at its current levels, but at the low of the day, it was trading at almost 10 year lows
- At about 22, AXP is down about 8% again today, and on track to lose another $2.1B in market cap
Dow Components with the least Market Cap loss by %: Dominated by the Tech Stocks
- International Business Machines (IBM) was the least negative with a loss of $2.1B in market cap or a -1.71% decline in market cap to $120.5B.
- IBM is currently trading at lows at about 2 year lows
- Since IBM is trading down over 3% again today, it is tracking to lose about another $4B in market cap
- McDonald's (MCD) was the second least negative with a loss of $1.5B in market cap or a -2.49% decline in market cap to $58.5B.
- MCD is currently trading within its 52-wk range
- Since MCD is trading down over 3% again today, it is tracking to lose about another $2B in market cap today
- Microsoft (MSFT) was the third least negative with a loss of $6.5B in market cap or a -3.09% decline in market cap to $203B.
- MSFT is currently trading at more than 2 year lows, but at its lows on the day it was at more than 8 year lows
- Since MSFT is trading down over 3% again today, it is tracking to lose about another $7B in market cap today
- Hewlett-Packard (HPQ) was the fourth least negative with a loss of $3.6B in market cap or a -3.75% decline in market cap to $94.3B.
- HPQ is currently trading at about 2 year lows
- Since HPQ is trading down over 3% again today, it is tracking to lose about another $3.2B in market cap today
- Intel (INTC) was the fifth least negative with a loss of $3.7B in market cap or a -4% decline in market cap to $89.3B.
- INTC is currently trading at more than 6 year lows
- Since INTC is trading down almost 5% again today, it is tracking to lose about another $4.4B in market cap today
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