As the week nears an end, the major indices are testing lows not seen in 10 years. The Dow closed down 445 points at 7552, and the major indices lost on average 5.78%. Here are a few of the day’s winners and losers.
Winners
Interpublic Group of Cos. (IPG)
Recent reports have attached the future of the advertising industry to that of the Big 3 auto makers, though the talks were not as productive as many had hoped. Late news of the White House pushing for a deal helped keep the stock in the black today. Shares finished up 48 cents, or 18%, closing at $3.09.
Janus Capital Group Inc. (JNS)
A diamond in the rough in the investment-banking field, the stock was up 11% Thursday after touching 52-week lows earlier in the week. Shares finished trading at $5.86, an increase of 58 cents per share.
Ford Motor Co. (F)
As bailout or loan talks continued today F saw its stock hit another low. With late news that the White House was looking to make a deal in the near future the stock rose 13 cents to close at $1.39. This was an increase of 10.32%
MBIA Inc. (MBI)
This company seems to be following the trend of another insurance provider Ambac Financial Group Inc. (ABK). The stock is rebounding after recent ratings downgrades, and rose 7.4%, or 28 cents, Thursday to $4.07.
Salesforce.com Inc. (CRM)
On the back of an eight-cent per-share profit last quarter, the software provider’s stock rose nearly 4%, or 87 cents, to end up at $22.83.
Losers
Jones Apparel Group Inc. (JNY)
The stock has slumped since announcing that its profit margin was up in the third quarter. It closed down nearly 50% on the day selling for $2.53, proving yet again that it will be a very rough holiday season.
Prologis (PLD)
The real estate investment firm took another big hit Thursday, losing $1.18, 34%, to close at $2.28. The stock seems to set new 52-week lows daily with no end in sight.
Lincoln National Corp. (LNC)
There seems to be no hope left for LNC, another company that continues to set new 52-week lows with some frequency. The stock finished trading at $5.07, a loss of $2.24. The 31% loss, however, does not reflect the financial position that the company feels it has.
Wyndham Worldwide Corp. (WYN)
The hospitality giant is feeling the economic crunch; the stock hit a new 52-week low Thursday. Despite profit increases in the third quarter and changes in management, the American vacation outlook isn’t so hot. The stock closed at $2.98 a loss of $1.31, or 31%.
Chesapeake Energy Corp. (CHK)
The falling price of crude continues to hamper the energy provider. The stock was down 28%, or $5.32, to $13.98 on the day as oil closed under $50.
Wal-Mart’s profits rise as it draws from rivals
Markets are battered again
Market Winners & Losers: Fluor, General Motors
