August 12, 2014: Markets opened lower on Tuesday, took a brief turn into the green, and then settled into the red by mid-morning. Energy stocks led the decline as data on crude oil indicates lower prices may be the norm through the rest of this year. Today’s JOLTS on job openings in the U.S. reached a 10-year high. Shortly before closing today the DJIA traded down 0.03% for the day, the S&P 500 traded down 0.12%, and the Nasdaq Composite traded down 0.25%.
The Dow 30 stock posting the biggest percentage drop today was United Technologies Corp. (NYSE: UTX) which traded down 0.73% at $104.95 in a 52-week range of $99.50 to $120.66. Volume was about level with the daily average of around 3.7 million shares traded. There was no news on the company today.
Chevron Corp. (NYSE: CVX) traded down 0.63% at $126.91. The stock’s 52-week range is $109.27 to $135.10. Share volume was about half of the daily average of around 5.4 million shares traded. Peer Exxon Mobil Corp. (NYSE: XOM) was also down today as inventory buildups continue to put downward pressure on both crude and refined product prices.
Pfizer Inc. (NYSE: PFE) traded lower by 0.51% at $28.11 today. The stock’s 52-week range is $27.76 to $32.96. Volume was about 35% below the daily average of around 25 million shares traded. The company had no news today.
General Electric Co. (NYSE: GE) traded down 0.52% today at $25.66 in a 52-week range of $22.92 to $28.09. Volume was about 25% below the daily average of around 28 million shares. The company had no news today.
Of the Dow 30 stocks 15 are set to close higher today and 15 are poised to close lower.
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