Investing
The 4 Stocks That Weighed Down the DJIA Tuesday
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March 22, 2016: Markets opened lower on again on Tuesday following the deadly bombings in Brussels that have reportedly killed 34 people and injured nearly 200 more. All 10 sectors opened lower this morning, but by midday the major indexes had moved higher with healthcare and technology stocks performing best. WTI crude oil for May delivery settled at $41.45 a barrel, down about 0.2% for the day. April gold added 0.4% to settle at $1,248.60 for the day. Equities were headed for a mixed close shortly before the closing bell as the DJIA traded down 0.20% for the day, the S&P 500 traded down 0.08%, and the Nasdaq Composite traded up 0.29%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) which traded down 1.48% at $153.97. The stock’s 52-week range is $139.05 to $218.77. Trading volume was about half the daily average of around 5 million. The investment bank is being investigated in a bond sale probe, and the bank received Fed approval for its acquisition of GE’s online banking deposit program.
Chevron Corp. (NYSE: CVX) traded down 1.02% at $95.46. The stock’s 52-week range is $69.58 to $112.20. Volume reached about 5.6 million shares, just more than half the daily average of around 12 million shares. The company was downgraded from Outperform to Market Perform this morning at Raymond James
American Express Co. (NYSE: AXP) traded down 0.96% at $60.62. The stock’s 52-week range is $50.27 to $82.16. Trading volume was less than half the daily average of around 8.5 million. The company could lose its co-branding deal with Starwood that could be terminated if the deal with Marriott goes through.
Visa Inc. (NYSE: V) traded down 0.91% at $73.10. The stock’s 52-week range is $60.00 to $81.01. Volume was about half the daily average of around 10.6 million shares traded. The credit card issuer had no specific news on Tuesday.
Of the Dow 30 stocks 17 are set to close lower on Tuesday and 13 are on track to close higher.
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