February 25, 2015: Markets opened mixed on Wednesday, climbed to intra-day highs in the early afternoon before setting sail toward the break-even line. Tech stocks traded lower all day on the heels of an uninspired report on Tuesday night from Hewlett-Packard. Shortly before the closing bell the DJIA traded down 0.01% for the day, the S&P 500 traded down 0.15%, and the Nasdaq Composite traded down 0.13%.
The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was Intel Corp. (NASDAQ: INTC) which traded down 1.47% at $33.90. The stock’s 52-week range is $24.30 to $37.90. Trading volume was about 30% lower than the daily average of around 29 million shares. The chipmaker is today’s leading decliner among the Dow tech stocks.
UnitedHealth Group Inc. (NYSE: UNH) traded down 1.25% at $113.99. The stock’s 52-week range is $73.61 to $116.58. Trading volume was about 30% below the daily average of around 4.2 million shares. The company had no specific news today, but after posting a new high on Tuesday, we might be seeing a bit of profit-taking in the stock.
International Business Machines Corp. (NYSE: IBM) traded down 1.27% at $162.74. The stock’s 52-week range is $149.52 to $199.21. Trading volume was about 25% below the daily average of around 4.8 million shares. Another tech biggie that sold off today.
The Boeing Co. (NYSE: BA) traded lower by 0.92% at $152.96. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 15% below the daily average of around 4.8 million shares. The company had no specific news today.
Of the Dow 30 stocks 14 are set to close higher today and 16 are on track to close lower.
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