Stocks Slip Slightly As Effects OF G20 Meeting Settle Down (DFT, BA, MMM, GLD, GDX)

After Monday’s rally of stocks which took the Dow Jones Industrial Average to a 13 month high, US Stock opened slightly lower as investors sell shares in order to realize gains. Monday’s Surge was due to the G20’s decision to continue the stimulus plans in place while the world economy recovers.

In morning trading, the Dow Jones Industrial Average dropped 3.40 points or 0.03% to 10,223.54 while the S&P500 lost 0.06% and The NASDAQ composite index dropped 0.03% to 2,153.46. Oil futures also fell in unison with US Stocks.

The most affected stocks were Dupont (NYSE: DFT) and Boeing (NYSE: BA) which fell 4.34% and 1.25% respectively. Gainers among US stocks includes 3M Company (NYSE: MMM) which rose 0.89% and Intel (NASDAQ: INTC) which gained 0.57%.

Aside from US Stocks, European Shares also dropped slightly as the index for Paris dropped 0.25%, Frankfurt stocks fell 0.11%, and London stocks dropped 0.12%.

While stocks fell, Gold remained relatively steady. Market Vector’s Gold Miners ETF (NYSE: GDX) rose slightly to $49.66 or 0.75% and SPDR Gold Trust ETF (NYSE: GLD) gained 0.35% to $108.58.