Investing

The 4 Stocks That Weighed Down the DJIA

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Source: thinkstock
September 11, 2014: Markets opened lower on Thursday as healthcare and energy stocks weighed down the open. Equities appear to be headed for a mixed close as tech stocks have put some air under the Nasdaq. Shortly before the closing bell the DJIA traded down 0.15% for the day, the S&P 500 traded up 0.05%, and the Nasdaq Composite traded up 0.06%.

The Dow 30 stock posting the biggest percentage loss today was Visa Inc. (NYSE: V) which traded down 0.90% at $214.92 in a 52-week range of $180.11 to $235.50. The credit card company had no news today, but the initial boost from Tuesday’s announce of Apple Pay has now been put firmly in the rear-view mirror. Volume was about 35% below the daily average of around 2.3 million shares traded.

Nike Inc. (NYSE: NKE) traded lower by 0.87% at $81.75 today. The stock’s 52-week range is $67.19 to $82.79. Volume was about 10% below the daily average of around 3.3 million shares. Investors are being cautious on most sports-related companies following the revelations of spousal abuse in the NFL.

Caterpillar Inc. (NYSE: CAT) traded down 0.45% at $105.45 in a 52-week range of $81.87 to $111.46. Yesterday’s downgrade to Neutral at BofA still ripples through the market. Trading volume was about 25% above the daily average of 3.9 million shares.

Chevron Corp. (NYSE: CVX) traded down 0.42% at $123.75 in a 52-week range of $109.27 to $135.10. The shares were down by a similar amount yesterday. Energy stocks likely won’t get any traction until commodity prices show some inclination to rise.. Trading volume was about 10% above the daily average of 5.3 million shares.

Of the Dow 30 stocks 12 stocks are set to close higher today and 18 are on track to close lower.

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