October 14, 2014: Markets opened higher on Tuesday and had put up a nice gain by noon. Then the wheels came off and the major indexes drifted lower all afternoon as bargain hunting petered out and the indexes headed for a mixed close. Shortly before the closing bell the DJIA traded up 0.15% for the day, the S&P 500 traded up 0.27%, and the Nasdaq Composite traded up 0.40%.

The Dow 30 stock posting the largest daily loss ahead of the close today was Johnson & Johnson (NYSE: JNJ) which traded down 1.90% at $97.24. The stock’s 52-week range is $86.09 to $108.77. The drug  maker reported third quarter results that were better than expected this morning and raised guidance. Go figure. J&J’s volume was nearly 3-times the daily average of around 6.4 million shares.

Chevron Corp. (NYSE: CVX) traded down 1.89% at $109.91 in a 52-week range of $109.10 to $135.10. Volume was about 60% above the daily average of around 5.5 million shares. The IEA cut its growth forecast today and crude oil prices have continued their slide.

Intel Corp. (NASDAQ: INTC) traded up 1.84% at $32.05. The stock’s 52-week range is $23.03 to $35.56. Trading volume was about 75% above the daily average of around 32 million shares. The company reports results after today’s closing bell.

The Boeing Co. (NYSE: BA) traded higher by 1.78% at $122.59. The stock’s 52-week range is $116.69 to $144.57. Volume was about 25% lower than the daily average of around 4.1 million shares. The company was the beneficiary of some bargain-hunters today.

Of the Dow 30 stocks 12 stocks are set to close lower today, and 18 are on track to close higher. A last minute buying spurt pulled the DJIA above the break even line.

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