It's not every day that the Dow Jones Industrials set a new all-time high. For the first time in more than five years, the Dow set a new record, rising more than 125 points to close at 14,254, well above its former closing record of 14,164. With that milestone behind them, investors will now turn their attention to the S&P 500, which is now less than 2% below its closing record high of 1,565.
Today's rally was broad-based, with only two losing stocks in the Dow. One was Coca-Cola , which fell 0.4%. Fool contributor Alex Planes suggested earlier today that news from rival Dr Pepper Snapple might have sent Coke's shares lower, but the other issue Coca-Cola faces is simply that with slow growth and defensive characteristics, the stock isn't a favored place for investors during big bull markets like we've seen lately. The other Dow loser was Merck, which fell 0.2%.
Elsewhere, Impax Labs fell more than 25% when an FDA inspection of a California manufacturing facility found a dozen problems, three of which had already been cited in a previous 2011 warning letter. Despite the unquestionable promise of Parkinson's drug Rytary, Impax needs to get its internal operations in better shape to comply with regulatory requirements and bring the drug through the approval process to market.
Finally, SandRidge Energy dropped 4.5%, with an even bigger 11% decline for its SandRidge Mississippian Trust I . Despite impressive dividend yields, SandRidge's trusts have fallen short of distribution targets even as production has ramped up, and that's weighing on the parent entity as well. Still, if rock-bottom prices for natural gas ever recover, SandRidge has positioned itself to post impressive gains in the future.
Coke's drop today isn't the first setback investors have faced, as the soft-drink giant faces some new threats to its continued market dominance. We've recently compiled a premium research report containing everything you need to know about Coca-Cola. If you own or are thinking about buying shares in the company, you'll want to click here now and get started!
The article These Stocks Missed the Dow's Record Run originally appeared on Fool.com.Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter: @DanCaplinger. The Motley Fool recommends Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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