Investing

The 4 DJIA Stocks That Guided Markets to a Mixed Close

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Source: thinkstock
October 27, 2014: Markets opened lower on Monday as traders hit back at Brazilian voters who re-elected Dilma Rousseff as the country’s leader. Also, over the weekend the European Central Bank revealed that 25 eurozone banks were short of capital goals. That’s never a good sign. Shortly before the closing bell the DJIA traded up 0.1% for the day, the S&P 500 traded down 0.12%, and the Nasdaq Composite traded up 0.10%.

The Dow 30 stock posting the largest daily loss ahead of the close today was Merck & Co. Inc. (NYSE: MRK) which traded lower by 2.03% at $56.44. The stock’s 52-week range is $44.62 to $61.33. Volume was about 15% higher than the daily average of around 9.6 million shares. The company’s revenue total missed estimates this morning.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 1.41% at $68.03. The stock’s 52-week range is $59.35 to $72.92. Trading volume was about 10% higher than the daily average of around 4.8 million shares. DuPont reports third-quarter results tomorrow.

Caterpillar Inc. (NYSE: CAT) traded down 1.01% at $98.44. The stock’s 52-week range is $81.87 to $111.46. An analyst at Raymond James today recommended waiting for a “more attractive entry point” before buyin shares of the heavy equipment maker. Volume was about 20% below the daily average of around 5.2 million shares.

Exxon Mobil Corp. (NYSE: XOM) traded down 0.79% at $93.74 in a 52-week range of $86.91 to $104.76. Volume was about 20% below the daily average of around 11.5 million shares. Goldman Sachs today forecast a per barrel price for crude oil in 2015 of $75.

Of the Dow 30 stocks only 3 are set to close lower today and 27 are on track to close higher, the proportion as on Thursday.

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