The 4 Stocks That Sank the Dow on Friday
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Travelers Companies Inc. (NYSE: TRV) which traded down 1.79% at $99.65. The stock’s 52-week range is $88.81 to $110.49. Trading volume totaled about 2.1 million shares, slightly above the daily average of around 2 million. The company had no specific news today, but was among yesterday’s top gainers.
Microsoft Corp. (NASDAQ: MSFT) traded down 1.19% at $46.17. The stock’s 52-week range is $40.12 to $50.05. Trading volume totaled about 29.5 million shares, below the daily average of more than 34.8 million. The company had no specific news today, but shares were up nearly 2% over the previous 4 trading days.
Visa Inc. (NYSE: V) traded lower by 1.04%% at $68.78. The stock’s 52-week range is $48.80 to $70.69. Trading volume was about 15% below the daily average of around 7.5 million. Card issuing competitor American Express has lifted a restriction on merchants that promises more competition among the large card issuers.
JPMorgan Chase & Co. (NYSE: JPM) traded down 0.86% at $68.19. The stock’s 52-week range is $54.26 to $68.82. About 14 million shares traded hands today, below the daily average of around 14.5 million. The company shuffled the managers of its prime brokerage business today.
Of the Dow 30 stocks 28 are set to close lower today and just 2 are on track to close higher.