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Stock Downgrades: JC Penney Not Worth a Dime?
January 8 has a happy history in equities — it was on that date in 1987 that the Dow Average (^DJI) first finished above 2 000 — but yesterday's market action won’t be recalled as fondly after equities fell for the third time in four sessions. Verizon (VZ) — its stock as underwater as its headquarters were after Superstorm Sandy — was the second poorest performer among blue chips with a 2.43% tumble but even it had to take a backseat to beleaguered Boeing's (BA) 2.63% slide. Meanwhile the 3:10 to Yuma was stuck in the tracks after that southwest Arizona city again posted America’s worst ...
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