The Dow Stocks go Record High, Best Since 1976

    The Dow gained its best in a month since 1976, ending the month up 14% even after falling almost 130 points on October 31. This is the Dow’s highest monthly gain in over 45 years, when it gained the best in January 1976.

    Companies Trading Record High

    The S&P 500 dropped by almost 20% this year and closed down 0.8% on the last day of October. Nasdaq also remained 30% lower this year and was 1% down on Monday. Though, October has gone quite well for both indexes. S&P 500 rose 8%, whereas Nasdaq was up around 4%.

    Another one that can’t remain not-talked-on is Hershey, the candy maker, making an all-time high trade this Halloween and up by almost 25% in 2022.

    Apart from Hershey, the gainers’ list consists of healthcare firms and oil stocks such as Chevron, Amgen, and Merck.

    Chevron and its rival Exxon Mobil, listed on Dow stocks earlier, are trading record high, along with health insurers Humana and Cigma and Eli Lilly, the pharma leader.

    Food and beverage companies like Pepsi and McDonald’s have also gained high values in the stock market this year.

    Companies Trading Low

    All these trends might make you think that all the investors are receiving sweet kisses this year. But that’s not a true story at all. There are more losers than winners this year on Wall Street.

    Stocks of industrials, big techs, and consumer discretionaries have been hit hard this year. Most leading establishments like Intel, Microsoft, Disney, Nike, Cisco, Salesforce, 3M, Walgreens, Verizon, Boeing, and Home Depot are down by as much as 25%, which is half of the stocks of the Dow.

    Meta Platforms is trading at its lowest since 2016, and its fall, which started after January 2016, is currently down by over 70%.

    Nvidia, PayPal, and Netflix have lost half their value in 2022.



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