June 8, 2015: Markets opened lower on Monday and did not get untracked all day. No data was released in the U.S. today and the overnight trading in Asia was mostly unexceptional, except in Shanghai where stocks added more than 2% to gains of nearly 9% last week. Crude oil for July delivery was headed for a loss of nearly 2% late Monday, trading below $58 for some part of the day. Shortly before the closing bell the DJIA traded down 0.31% for the day, the S&P 500 traded down 0.50%, and the Nasdaq Composite traded down 0.79%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Intel Corp. (NASDAQ: INTC) which traded down 1.60% at $31.33X. The stock’s 52-week range is $27.72 to $37.90. Nearly 32 million shares traded hands today, in line with the daily average of around 32.2 million. The company’s acquisition of Altera continues to generate comment from bears as well as bulls.
Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.01% at $28.29. The stock’s 52-week range is $22.49 to $30.31. Trading volume totaled about 14.5 million shares, well below the daily average of around 7 million. The company had no specific news today, but tech stocks as a group did take a bit of a beating.
Chevron Corp. (NYSE: CVX) traded down 1.02% at $100.56. The stock’s 52-week range is $39.06 to $45.00. Trading volume reached about 9.5 million shares, well below the daily average of around 13.9 million. The company said that three more tension legs sank at its Gulf of Mexico Big Foot project over the weekend.
International Business Machines Corp. (NYSE: IBM) traded lower by 1.09% at $165.57. The stock’s 52-week range is $149.52 to $196.40. Trading volume was around 3 million shares, well below the daily average of around 4 million. The company had no specific news today.
Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.
The 4 Stocks That Weighed on the Dow Monday
By
Paul Ausick
Updated
·
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About the Author
Paul Ausick →
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.
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