The 4 Stocks That Weighed on the Market Monday

July 6, 2015 by Paul Ausick

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Source: thinkstock
July 6, 2015: Markets opened lower on Monday following the Greek vote on Sunday to tell the the troika not only “no,” but “hell, no.” European equities markets closed lower and only the Shanghai exchange closed higher in Asia. U.S. stocks briefly traded higher than last Thursday’s close, but by the end of the day all major indexes were solidly lower. Shortly before the closing bell the DJIA traded down 0.42% for the day, the S&P 500 traded down 0.55%, and the Nasdaq Composite traded down 0.53%.

The DJIA stock posting the largest daily percentage loss ahead of the close Monday was General Electric Co. (NYSE: GE) which traded lower by 1.87%% at $26.28. The stock’s 52-week range is $23.41to $28.68. Trading volume was about 50% below the daily average of around 43 million. The company had no specific news today.Intel Corp. (NASDAQ: INTC) traded down 1.82% at $30.00. The stock’s 52-week range is $29.31 to $37.90. Trading volume was about 10% below the daily average of around 28 million. The world’s largest chipmaker made some major management changes last week.

Caterpillar Inc. (NYSE: CAT) traded down 1.53% at $83.08. The stock’s 52-week range is $78.19 to $111.46. Around 3 million shares traded hands today, about 30% below the daily average of around 4.6 million. The company had no specific news today.

Chevron Corp. (NYSE: CVX) traded down 1.32% at $94.60. The stock’s 52-week range is $94.48 to $135.10, and the low was posted today. Trading volume was about equal to the daily average of around 6.7 million. Crude oil prices fell nearly 8% Monday.

Of the Dow 30 stocks 25 are set to close lower today and 5 are on track to close higher.

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