After outperforming by a pretty large margin for most of the year, the Dow Jones Industrial Average is now underperforming the S&P 500. As shown below, the Dow 30 is now down 6.12% in 2008 versus -6.01% for the S&P 500. With AIG, MRK and GM all down more than 30% this year, and C and MSFT down more than 20%, it's not hard to see why the Dow is now struggling.
At the start of the year, not too many people thought they would be thanking Wal-Mart (WMT) for holding the index up.
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