Exxon (NYSE:XOM) Helps Hold Dow, S&P from Further Decline

Investors continue to think in terms of safety and conservative investments, and other than gold, the blue-chips like Exxon Mobil (NYSE:XOM) have drawn attention, and on Monday helped the Dow Jones Industrial Average and the S&P 500 from dropping even further.

The Dow ended the trading session down 39.21 points, or 0.4 percent, ending at 10,174.41, while the S&P 500 ended the day at 1,067.36, dropping 0.4 percent as well.

Exxon Mobil closed Monday at $59.50, gaining $0.61, or 1.04 percent. Their market cap remains over $300 billion, at $302.96 billion at the end of the session.

Even though gas prices seem poised to fall, a number of investors believe Exxon is undervalued, and will draw a lot more attention as the weakness of the economy becomes apparent to more people and institutions.