The 4 Stocks That Tanked the Market
thinkstockSeptember 9, 2014: Markets opened lower on Tuesday and only the Nasdaq peeked about the break-even line about the time that Apple Inc. (NASDAQ: AAPL) announced its new products today. That didn’t last long though, and neither the DJIA nor…
September 9, 2014: Markets opened lower on Tuesday and only the Nasdaq peeked about the break-even line about the time that Apple Inc. (NASDAQ: AAPL) announced its new products today. That didn’t last long though, and neither the DJIA nor the S&P 500 trading above break-even all day. The DJIA closed down 0.57% for the day, the S&P 500 closed down 0.65%, and the Nasdaq Composite closed down 0.87%.
The Dow 30 stock posting the biggest percentage loss again today was The Home Depot Inc. (NYSE: HD) which traded down 2.08% at $88.93 in a 52-week range of $73.74 to $93.52. The home improvement retailer confirmed a data breach today, but did not provide numbers.Volume was about 20% above the daily average of around 6.8 million shares traded.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 1.50% at $177.40 in a 52-week range of $151.85 to $182.07. The big financial services firm had no news today. Trading volume was about equal to the daily average of 2.4 million shares.
McDonald’s Corp. (NYSE: MCD) traded lower by 1.52% at $91.09 today after posting a new 52-week low of $90.96. The stock’s new 52-week range is $90.96 to $103.78. Volume was about double the daily average of around 5 million shares traded. McDonald’s August same-store sales were weak.
Verizon Communications Inc. (NYSE: VZ) traded down 1.27% at $48.90 in a 52-week range of $45.45 to $53.66. Volume was about 10% above the daily average of around 12.8 million shares traded. The company announced a free iPhone 6 deal for customers who trade in an older model iPhone and take a two-year contract.
Of the Dow 30 stocks only 6 closed higher today and 24 are closed lower.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
