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Countdown to 2019: Lessons From the Dow's Painful Year

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The year is almost over, and we can't wait to get to 2019. The Dow Jones Industrial Average made it through the first nine months of the year just fine-as long as you count one correction in early 2018 as fine-but has tumbled 14% since hitting an all-time high of 26,828.39 on Oct. 3, and is down 6.7% for the year through Dec. 28. Around this time last year, we observed that 2017 had been so good for the Dow that 2018 would have a hard time topping it. We didn't imagine it would look quite like this, with the blue-chip benchmark approaching a bear market and everyone wondering if the U.S. economy is sinking into recession.

In the run up the New Year, we'll review what went right-and wrong-for each Dow component, and look ahead to 2019.

Check back for updates-we'll add three or four a day through Dec. 31, and modify the order as needed.

Goldman Sachs GroupGSGoldman Sachs Has a Year It Wishes It Could ForgetInternational Business MachinesIBMIBM's Debt and Deal Make Stock a Big Loser AgainDowDuPontDWDPDowDuPont Stock Slid Because Breaking Up Is Hard to DoCaterpillarCATCaterpillar Stock Is Slumping Despite Earnings Growth3MMMM3M Stock Had a Rough 2018 Amid Weakness in the Industrial SectorExxon MobilExxon Mobil Stock Rode the Plunge in Oil Prices Down in 2018United TechnologiesUnited Technologies Stock Spent 2018 Stuck in LimboChevronChevron Stock's Strong Start This Year Couldn't Survive the Dive in Oil PricesTravelersTravelers Stock Had a Tough 2018 and the Pressure Won't Ease Up SoonHome DepotHome Depot Stock Was Hammered in 2018JPMorgan ChaseJPMorgan Was Humming Along in 2018. The Stock Wasn't.Johnson & JohnsonJohnson & Johnson Stock Had a Baby Powder Problem in 2018AppleWhat Happened With Apple Stock in 2018 and What's NextWalmartWalmart Stock Saw Steep Slides in 2018. What's Next?Walgreens Boots AllianceIt Was a Bad Year for Walgreens to Join the DowAmerican ExpressAmerican Express Had a Better Year Than It Looks. That Could Be Bad News in 2019Walt DisneyWalt Disney Stock Went Nowhere in 2018Procter & GambleProcter & Gamble Stock Survived a Brutal Year for Consumer StaplesIntelIntel Stock Got Hammered This Year. Is It Finally Cheap Enough?McDonald'sMcDonald's Stock Was a Slow and Steady Winner in 2018Coca-ColaCoca-Cola Stock Staged a 2018 ComebackVerizon CommunicationsVerizon Stock Left Its Competitors in the Dust in 2018BoeingLook for Boeing Stock to Stay Strong in 2019Cisco SystemsCisco Stock Rose in 2018 by Avoiding DramaUnitedHealth GroupUnitedHealth Stock Rose in 2018 Because Stability Paid OffVisaVisa Stock Was a 2018 Winner Despite a Rough End to the YearNikeHow Nike Stock Beat the Dow in 2018MicrosoftMicrosoft Stock Was the Dow's Top Tech Performer in 2018PfizerPfizer Stock Withstood a Health Care Sector Stumble to Be a 2018 WinnerMerckMerck Stock Was the Best in the Dow in 2018 - by Far

Write to Ben Levisohn at Ben.Levisohn@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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