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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%.
On Wednesday, the Dow closed at its 13th record high for the year, while the S&P 500 hit its 24th closing high for 2014. Slow but steady A string of positive economic news, combined with increasing merger and acquisition activity, has buoyed investor confidence on Wall Street.