Why the Dow Jones Is Falling Today Despite Great Earnings From Apple, Boeing, Microsoft, Visa
So much for a boost from record earnings. Despite strong results from tech giants Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), Visa (NYSE: V) reporting payments volume that was higher than 2019 levels (all reported after market close on Tuesday), and a big beat from aerospace giant Boeing (NYSE: BA) this morning as jet orders slowly recover, the Dow Jones Industrial Average (DJINDICES: ^DJI) is down 121 points as of 1:24 p.m. EDT on July 28. The Nasdaq Composite and Russell 2000 indexes are up today.
So what gives? In short, the Dow Jones is an index of U.S. stocks. And despite big gains from Boeing, with shares up 5% after earnings, investors are worried that growth at Apple and Microsoft -- along with many other U.S. companies -- is set to slow going forward. The Nasdaq and Russell 2000, however, contain lots of international stocks, including many of the Chinese stocks that have taken a pummeling over the past several days. Many of those stocks are surging today, recovering some losses as investors look for opportunity after a multi-day sell-off for Chinese tech and education stocks.
Dow Jones' U.S. stock focus is part of its sell-off today. Image source: Getty Images.
Source Fool.com
