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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
The market's downward trend persisted Tuesday, with the Dow Jones Industrial Average DJIA, -0.67% falling 332.13 points, or 4%, to stand at 7,949.09, its first close below the 8,000 mark since Nov. 20. This marked the blue-chip average's worst performance for a U.S. inauguration since the Dow was created in 1896.