Today’s market mover among the DJIA stocks was Visa Inc. (NYSE: V) which dropped 3.22% and traded at $208.08 in a 52-week range of $161.27 to to $235.50. Volume was on track to be roughly 30% higher than the daily average of around 3.3 million shares traded. Visa lost out to MasterCard Inc. (NYSE: MA) in a contest to replace Discover as the branded Walmart credit cards. And don’t forget Walmart sued Visa for $5 billion earlier this week.
Another non-performer today was Microsoft Corp. (NASDAQ: MSFT) which traded down 2.5% at $40.00 in a 52-week range of $28.11 to $41.66. Today’s dip in the momentum tech stocks is likely carrying over to the big tech companies as well. Volume was about 15% higher than the daily average of around 39 million shares traded.
On of the momentum stocks losing ground today was Facebook Inc. (NASDAQ:FB) which dropped 4.39%, to trade around $56.88 in a 52-week range of $22.67 to $72.59. Share volume was almost double the daily average of around 61 million shares traded.
Even Micron Technology Inc. (NASDAQ: MU) was caught up in the tech downturn. The company reported good earnings last night and put up a positive outlook. Shares opened higher but nothing could slow down the tech dive. Shares traded at $22.52, down 6.17% ahead of the closing bell, in a 52-week range of $9.04 to $25.68. Volume was more than double the daily average of 32 million shares traded.
Of the Dow 30 stocks only 4 are set to close higher today and 26 are on their way to a lower close.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.