Investing

The 4 Stocks That Sank the DJIA on Monday

thinkstockSeptember 28, 2015: Markets opened lower on Monday following a report that personal income rose just 0.3% in August, short of the expected 0.5% economists were looking for. Personal spending rose and personal savings fell in the month. Crude oil settled…

By Paul Ausick
Published September 28, 2015, 4:01pm ET · 2 min read

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

stock symbol ticker

thinkstock
September 28, 2015: Markets opened lower on Monday following a report that personal income rose just 0.3% in August, short of the expected 0.5% economists were looking for. Personal spending rose and personal savings fell in the month. Crude oil settled at $44.43, down 2.8% on the day and gold for December delivery settled at $1,131.70 an ounce, down 1.2%. Equities were headed for a lower close shortly before the closing bell as the DJIA traded down 1.64% for the day, the S&P 500 traded down 2.31%, and the Nasdaq Composite traded down 2.72%.

The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Visa Inc. (NYSE: V) which traded down 4.80% at $67.30. The stock’s 52-week range is $48.80 to $76.92. Trading volume was more than 25% below the daily average of around 8.5 million. The company had no specific news today.

The Goldman Sachs Group Inc. (NYSE: GS) traded lower by 3.50% at $173.53. The stock’s 52-week range is $171.26 to $218.77. Trading volume was about 30% below the daily average of around 3 million. The company had no specific news today, but a report in Fortune magazine that Goldman’s P/E multiple is the lowest of any of the nation’s largest banks.

Pfizer Inc. (NYSE: PFE) traded down 3.36% at $30.82. The stock’s 52-week range is $50.07  to $70.61. Trading volume was about equal to the daily average of around 25 million. The drug maker had no specific news today, but was caught in a broad-based sell-off.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 2.47% at $47.35. The stock’s 52-week range is $47.21 to $76.59, and the low was set Monday afternoon. Trading volume was about 30% below the daily average of around 6.4 million. The company had no specific news today.

Of the Dow 30 stocks 27 are set to close lower today and 3 are on track to close lower.

ALSO READ: America’s Most and Least Educated States: A Survey of All 50

Contact [email protected] for any questions or corrections.

1INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).2The probability of a member receiving $3,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts.

3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
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.

All articles →