Procter & Gamble, Home Depot share losses contribute to Dow's nearly 200-point fall

[turbinetree]

Dow Update

Published: March 31, 2020 at 1:05 p.m. ET
By MarketWatch

The Dow Jones Industrial Average is down Tuesday afternoon with shares of Procter & Gamble and Home Depot seeing the biggest drops for the price-weighted average. Shares of Procter & Gamble PG, -3.817% and Home Depot HD, -3.616% are contributing to the index's intraday decline, as the Dow DJIA, -0.919% was most recently trading 193 points lower (-0.9%). Procter & Gamble's shares are down $4.86, or 4.2%, while those of Home Depot are off $7.27 (3.7%), combining for a roughly 82-point drag on the Dow. Also contributing significantly to the decline are Intel INTC, -2.793%, United Technologies UTX, -2.970%, and Travelers TRV, -2.388%. A $1 move in any one of the 30 components of the benchmark equates to a 6.78-point swing.

https://www.marketwatch.com/story/procter-gamble-home-depot-share-losses-contribute-to-dows-nearly-200-point-fall-2020-03-31

Wait until the next quarterly earning statements............................

[Sherman A1]

1. Interesting as I would think both would be strong performers in the immediate future

Talking with a neighbor who was at Home Depot this weekend to buy some paint and had to wait in a long line to do so. He was told by the paint department clerk that they had been going full tilt for days as folks who are stuck at home are finding things that need painted around the house.

P&G products include paper towels and bathroom tissue so I wouldn't see how they would be doing badly.

[turbinetree]

2. I applied for a part time job with Home Depot to supplement my SS passed everything

and I am still waiting.....................go figure, just like the markets...................

[malaise]

3. A P & G exec was among those paying homage to his shithound

at yesterday's propaganda rally

[customerserviceguy]

4. Sucker rally's over, folks

Don't worry, there will be another one when C-19 Stimulus #4 comes out.

[malaise]

5. Adding this

https://www.theguardian.com/us-news/2020/mar/30/donald-trump-coronavirus-briefing-ceos-my-pillow
<snip>
The president paraded several company leaders in the White House Rose Garden, starting with Mike Lindell, the chief executive of MyPillow, who has become a regular cheerleader for Trump at his campaign rallies.

Trump praised companies for doing their “patriotic duty” by producing or donating medical equipment to meet America’s most urgent needs. “What they’re doing is incredible,” he said. “These are great companies.”

He went on to invite Lindell, Darius Adamczyk of Honeywell, Debra Waller of Jockey International, David Taylor of Procter & Gamble and Greg Hayes of United Technologies to make short speeches. He introduced Lindell as a “friend” and riffed: “Boy, do you sell those pillows, it’s unbelievable what you do.”

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Hmmmmmmmmmmmmmm!