Free fallin' -- only four out of 500 in S&P 500 holding gains
Posted by: Aaron Pressman on September 29, 2008
It’s an across-the-board massacre in the stock market after the House of Representatives voted down the Paulsen bailout plan. I just took a spin through all 500 components of the Standard & Poor’s 500 Index and only four stocks are up on the day. It’s a mixed bag:
Campbell Soup (Symbol: CPB), which increased its dividend and stock buyback plan a few days ago.
Consolidated Edison (ED), utilities overall are holding better and somebody must like getting paid a yield of over 5%.
Edison International (EIX), another utility.
Biogen IDEC (BIIB), on no new news
And that’s all folks. Ouch.
