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Dow Jones Today Falls 17 Points in Volatile Trading, but HPQ Gains 4% on Split News By Garrett Baldwin

The Dow Jones today slipped 17 points in a busy day for the tech and healthcare sectors. The S&P 500 Volatility Index (VIX), the market's fear gauge, was up 6.25% on the day. In a surprise announcement, Hewlett-Packard (NYSE: HPQ) said it will split into two separate companies and lay off nearly 5,000 employees, causing HPQ shares to gain more than 4% on the day. The post Dow Jones Today Falls 17 Points in Volatile Trading, but HPQ Gains 4% on Split News appeared first on Money Morning - Only the News You Can Profit From .

Dow Jones Today, Oct. 6, 2014: The Dow Jones Industrial Average slipped 17 points today (Monday) in a busy day for the tech and healthcare sectors. The S&P 500 Volatility Index
(VIX), the market's fear gauge, was up 6.25% on the day.

Here's the scorecard from today's trading session:

Dow: 16,991.91, -17.78 (-0.10%)
S&P 500: 1,964.82, -3.08 (-0.16%)
Nasdaq: 4,454.80, -20.82 (-0.47%)

Now, here's a breakdown of today's top stories and stock performances:

    dow jones today
  • Layoffs on Tap: In a surprise announcement on Monday, Hewlett-Packard Co. (NYSE: HPQ) said it will split into two separate companies and lay off nearly 5,000 employees. The firm will split into two listed companies, one a personal computer business and the other a manufacturer of printers. The deal is set to take place in 2015. The company said shareholders would own a stake in both companies through a tax-free transaction. Hewlett-Packard shares were up more than 4.5% on the day.
  • Merger Mania: Social networking giant Facebook Inc. (Nasdaq: FB) completed its $22 billion acquisition of mobile messaging service WhatsApp. The deal jumped an additional $3 billion thanks to Facebook's recent surge in share price.
  • Ebola Breakout: Shares of Tekmira Pharmaceuticals Corp. (Nasdaq: TKMR) slipped by more than 18% today on news that the first U.S. patient to contract Ebola had received experimental treatment from a drug manufactured by Chimerix Inc. (Nadsaq: CMRX), which was up more than 4% today. Tekmira shares had soared since the deadly outbreak began in Africa and the company received permission to test existing Ebola patients with its own experimental treatment.
  • Solar Slump: Solar company shares plummeted on Monday on very high volume. Shares of Yingli Green Energy Holding Co. Ltd. (NYSE ADR: YGE) dropped 1.6%, SolarCity Corp. (Nasdaq: SCTY) shares fell by 2%, and Canadian Solar (Nasdaq: CSIQ) fell 2.9%.

Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only:

  • (Other) Investors Will Hate You for Using This Investment Strategy: Even with interest rates so low and the economy steadily improving, many nervous investors, worried about a correction, are selling off. Whenever this sort of negative noise is in the air, it's not a time to sell; it's a profit opportunity for tech investors. That's why Defense & Tech Specialist Michael A. Robinson is sharing three strategies designed to turn market declines to your financial advantage. With them, you'll leave the nervous sellers in the dust...
  • 252 Million Years Ago, This Nearly Wiped Out All Life... Tomorrow, It Could Solve Our Energy Problems: According to an April study issued in the Proceedings of the National Academy of Sciences, permafrost soil, which typically remains frozen all year, is thawing and decomposing at an accelerating rate. But after a shocking discovery, it seems something locked in the soil could become the fuel of the future... and you could profit big off the new revolution.
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The post Dow Jones Today Falls 17 Points in Volatile Trading, but HPQ Gains 4% on Split News appeared first on Money Morning - Only the News You Can Profit From.

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