Investing

The 4 Stocks That Tanked the Market on Friday

stock symbol ticker
Source: thinkstock
February 27, 2015: Markets opened lower on Friday following a lowered estimate of fourth quarter 2014 GDP growth. Equities never really recovered. Shortly before the closing bell the DJIA traded down 0.38% for the day, the S&P 500 traded down 0.23%, and the Nasdaq Composite traded down 0.69%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was American Express Co. (NYSE: AXP) which traded down 1.91% at $81.66. The stock’s 52-week range is $77.12 to $96.24. Trading volume was about equal to the daily average of around 6.7 million shares. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.52% at $29.46. The stock’s 52-week range is $21.27 to $29.99. Trading volume was about 30% lower than the daily average of around 4.8 million shares. The company had no news today, but put up a new 52-week high on Thursday.

Intel Corp. (NASDAQ: INTC) traded lower by 1.16% at $33.26. The stock’s 52-week range is $24.30 to $37.90. Trading volume was about 40% below the daily average of around 28 million shares. The company had no specific news today.

Caterpillar Inc. (NYSE: CAT) which traded down 1.02% at $82.94. The stock’s 52-week range is $78.81 to $111.46. Trading volume was about 55% below the daily average of around 6.6 million shares. The company had no specific news today.

Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.

ALSO READ: America’s Happiest (and Most Miserable) States

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.