Investing

The 4 Stocks That Sank the DJIA on Monday

stock symbol ticker
Source: thinkstock
September 28, 2015: Markets opened lower on Monday following a report that personal income rose just 0.3% in August, short of the expected 0.5% economists were looking for. Personal spending rose and personal savings fell in the month. Crude oil settled at $44.43, down 2.8% on the day and gold for December delivery settled at $1,131.70 an ounce, down 1.2%. Equities were headed for a lower close shortly before the closing bell as the DJIA traded down 1.64% for the day, the S&P 500 traded down 2.31%, and the Nasdaq Composite traded down 2.72%.

The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Visa Inc. (NYSE: V) which traded down 4.80% at $67.30. The stock’s 52-week range is $48.80 to $76.92. Trading volume was more than 25% below the daily average of around 8.5 million. The company had no specific news today.

The Goldman Sachs Group Inc. (NYSE: GS) traded lower by 3.50% at $173.53. The stock’s 52-week range is $171.26 to $218.77. Trading volume was about 30% below the daily average of around 3 million. The company had no specific news today, but a report in Fortune magazine that Goldman’s P/E multiple is the lowest of any of the nation’s largest banks.

Pfizer Inc. (NYSE: PFE) traded down 3.36% at $30.82. The stock’s 52-week range is $50.07  to $70.61. Trading volume was about equal to the daily average of around 25 million. The drug maker had no specific news today, but was caught in a broad-based sell-off.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 2.47% at $47.35. The stock’s 52-week range is $47.21 to $76.59, and the low was set Monday afternoon. Trading volume was about 30% below the daily average of around 6.4 million. The company had no specific news today.

Of the Dow 30 stocks 27 are set to close lower today and 3 are on track to close lower.

ALSO READ: America’s Most and Least Educated States: A Survey of All 50

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.