July 2, 2015: Markets opened higher on Thursday but equities slowly and steadily slipped lower and lower as the trading session went on. The non-farm payroll report for June was weaker than expected and the news from Greece offers little hope for a settlement. Trading volume was quite light on both the NYSE and the Nasdaq today. Shortly before the closing bell the DJIA traded down 0.20% for the day, the S&P 500 traded down 0.10%, and the Nasdaq Composite traded down 0.12%.
A reminder: U.S. markets will be closed Friday, July 3, for the Independence Day observance.
The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was E. I. du Pont de Nemours and Company (NYSE: DD) which traded lower by 2.39%% at $59.96. The stock’s 52-week range is $59.81 to $76.59. Trading volume was about 50% above the daily average of around 5.9 million. The specialty chemicals company completed its spin-off of Chemours on Wednesday.
UnitedHealth Group Inc. (NYSE: UNH) traded down 1.54% at $121.48. The stock’s 52-week range is $78.74 to $124.11. Trading volume was about 30% below the daily average of around 4.2 million. The health insurer had no specific news today.
United Technologies Corp. (NYSE: UTX) traded down 1.20% at $109.49. The stock’s 52-week range is $97.30 to $124.45. Around 4 million shares traded hands today, about 20% above the daily average of around 3.3 million. The Lockheed F-35 Joint Strike Fighter uses UTC Pratt & Whitney engines, and the plane had a successful weapons test recently and could be declared operational by the end of this month.
JPMorgan Chase & Co. (NYSE: JPM) traded down 0.93% at $67.44. The stock’s 52-week range is $54.26 to $69.82. Trading volume was about 45% below the daily average of around 14.7 million. The too-big-to-fail bank had no specific news today.
Of the Dow 30 stocks 16 are set to close lower today and 14 are on track to close higher.