Investing

The 4 DJIA Stocks That Weighed on Friday’s Market

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November 7, 2014: Markets opened slightly lower on Friday following the report on non-farm payrolls that indicated lower-than-expected growth in employment, even though the unemployment rate fell to 5.8%. Wages grew just 0.1% in October. Shortly before the closing bell the DJIA traded down 0.01% for the day, the S&P 500 traded down 0.06%, and the Nasdaq Composite traded down 0.27%.

The Dow 30 stock posting the largest daily loss ahead of the close today was UnitedHealth Group Inc. (NYSE: UNH) which traded lower by 2.83% at $93.49. The stock’s 52-week range is $69.57 to $96.64. Volume was about 25% above the daily average of around 3.7 million shares. The company had no specific news today, but peer Humana Inc. (NYSE: HUM) posted weak quarterly results this morning. The U.S. Supreme Court also agreed to hear another challenge to the Affordable Care Act.

The Walt Disney Co. (NYSE: DIS) traded lower by 2.43% at $89.76. The stock’s 52-week range is $66.72 to $92.00. Volume was more than double the daily average of around 6.5 million shares. The company reported weaker than expected results after markets closed on Thursday.

Intel Corp. (NASDAQ: INTC) traded down 0.78% at $33.56. The stock’s 52-week range is $23.40 to $35.56. Trading volume was about 25% below the daily average of around 31 million shares. The home improvement store had no specific news today.

Nike Inc. (NYSE: NKE) traded down 0.93% at $93.72. The stock’s 52-week range is $69.85 to $95.09. Volume was about 50% below the daily average of around 4 million shares. FBR Capital initiated coverage on the stock today with a Market Perform rating and a price target of $94 a share.

Of the Dow 30 stocks 11 are set to close lower today and 19 are on track to close higher.

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