Stocks: Dow on track for best month in over 45 years

New York
CNN Business
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The daw It fell about 80 points in the middle of the afternoon on Monday, but is still up 14% this month — putting it on track for its best monthly gain since January 1976.

However, blue-chip stocks have remained down about 10% this year. Meanwhile, the Standard & Poor’s 500which is down about 0.6% on Monday, is down nearly 20% in 2022. Heavy Tech Nasdaqwhich was down 1% on Monday, is down 30% this year.

Still, it’s fitting for Halloween, candy maker Hershey’s

(HSY) It is trading at an all-time high and up 25% this year. But overall, there weren’t many sweet kisses for investors this year: Despite the fierce rally so far in October, there are a lot more losers than Wall Street gainers in 2022.

Big tech companies, industrial companies and consumer discretionary stocks were hit hard in 2022. Intel Corporation

(INTC)nike

(NKE)Sales force

(CRM)Microsoft

(MSFT)15:00

(mmmm)Boeing

(BA)Disney

(dis)the greens

(WBA)Home Depot

(high resolution)cisco

(CSCO) and Verizon

(VZ) They all fell more than 25% in 2022. That’s nearly half of Dow Jones’ stock.

Technology is crushed in the S&P 500, too. Facebook her meta pads she has Fell Over 70% this year and is now trading at its lowest level since January 2016. PayPal

(PYPL)a giant chip Nvidia

(NVDA) and Netflix

(NFLX) They all lost more than half of their value as well.

But there are some other winners besides Hershey’s. Oil and healthcare stocks lead the market, with Chevron

(CVX)merck

(MRK) and Amgen

(AMGN) Topping the Dow Leaders List.

Even Chevron is trading near all-time highs. So does competitor (and former Dow Jones component) ExxonMobil

(XOM). Big Pharma leader Eli Lilly

(LLY) Cigna . Health Insurance Companies

(CI) and Humana

(hm) It is also at record levels.

It’s not just energy and healthcare stocks that are making solid gains this year. And many consumer goods companies — companies that sell food and drinks — are booming, too. McDonald’s

(MCD)Pepsi

(PEP) And general grain makers for mills

(GIS) and Post

(Mail) It has recently reached record levels.

Also in the highest club ever: Defense contractors Lockheed Martin

(LMT) and Northrop Grumman

(No Objection Certificate)Metlife insurance companies

(he met) and progressive

(PGR)Autozone auto parts retailers

(AZO) and O’Reilly Automotive

(Orly) And the wireless giant T-Mobile

(TMUS).

There is a saying on Wall Street that there is always a bull market somewhere. This list of well-known brand-name stocks that are trading at record levels is further proof of this point.

However, the broader market has undoubtedly been struggling this year due to concerns about inflation and the fact that the Federal Reserve has raised interest rates significantly to try to beat the scourge of rising prices.

There are growing concerns that the Fed is too late to start fighting inflation and now risks tipping the economy into a recession next year as it appears to be playing catch-up on a string of aggressive rate hikes.