January Defect: 5 Worst-Performing Dow Stocks
They call it the “January Effect.”
Whether it’s the by-product of those Wall Street guys reinvesting their year-end bonuses or individual investors jumping back into the market after selling for year-end tax reasons, the Dow Jones Industrial Average historically gets a nice little (and sometimes huge) bump during the first month of the year.
This January was no exception.
The Dow rallied up 415.35 points, or 3.4%, in January – the best January percentage gain since 1997.
But for some stocks, the year didn’t get off to a very auspicious start. Fortunately, there’s still plenty of time left this year to rebound.
Here’s an interactive slide show highlighting the 5 worst-performing Dow component stocks for January 2012: