Last Week’s Worst Performing Dow Jones Industrial Average (.DJI) Components

JPMorgan Chase & Co. (NYSE:JPM) lost 0.58% this past week, as shares of the megabank fluctuated with the market each day. But one of the big declines came on Wednesday, when the company announced that it would take an $842 million hit on loans it had given to Jefferson County, Ala. The bank had sold the municipality swaps and derivatives before the financial crisis so it could finance a new sewer system. But since then the county has declared bankruptcy, and this move by JPMorgan Chase & Co. (NYSE:JPM) is a sign of good faith, since Jefferson County owes a total of $1.5 billion to the bank. For more information about this issue, click here.

Shares of Alcoa Inc (NYSE:AA) ended the week lower by 2%, with very little negative news directly related to the company. The aluminum giant has struggled all year, as shares are down 4.03% year to date, which also makes it the second worst performing Dow Jones Industrial Average (INDEXDJX:.DJI) component of 2013 — just slightly behind Caterpillar, which is down 5.53% year to date. The stock fell 1.41% on Tuesday alone, as the Dow Jones Industrial Average (INDEXDJX:.DJI) broke its streak of 20 consecutive Tuesday wins. During the past 20 Tuesdays before this past week, Alcoa Inc (NYSE:AA) was the worst-performing stock, falling lower for 12 of the 20 Tuesdays and gaining only 0.1% while the index itself rose 1,517 points.

A few other Dow losers this week:

• Travelers Companies Inc (NYSE:TRV), down 0.33%
• Caterpillar Inc. (NYSE:CAT), down 1.34%
• International Business Machines Corp. (NYSE:IBM), down 0.8%
• Chevron, down 0.85%
• DuPont Fabros Technology, Inc. (NYSE:DFT), down 0.62%
• UnitedHealth Group, down 0.09%
• United Technologies Corporation (NYSE:UTX), down 0.41%

The article Last Week’s Worst Performing Dow Components originally appeared on Fool.com is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Bank of America and JPMorgan Chase. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513. The Motley Fool recommends Chevron and UnitedHealth Group and owns shares of Bank of America, IBM, and JPMorgan Chase.

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