Apple, Pfizer Sink DJIA on Tuesday
November 1, 2016 by Paul AusickNovember 1, 2016: Markets opened higher again Tuesday but drifted lower beginning in the mid-morning, and appear on track for a lower close. Consumer discretionary and real-estate sectors were among the day’s leading losers, but no S&P sector was trading in the green late in the afternoon. WTI crude oil for December delivery settled at $46.68 a barrel, down 0.38% for the day. December gold added 1.2% on the day to settle at $1,288.00. Equities were headed for a lower close before the bell as the DJIA traded down 0.59% for the day, the S&P 500 traded down 0.67%, and the Nasdaq Composite traded down 0.69%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Pfizer Inc. (NYSE: PFE) which traded down 2.13% at $31.03. The stock’s 52-week range is $28.25 to $37.39. Trading volume was more double the daily average of nearly 20 million. The drugmaker’s earnings report included lower earnings per share guidance.
Apple Inc. (NASDAQ: AAPL) traded down 2.07% at $111.19. The stock’s 52-week range is $89.47 to $123.82. Volume of more than 36 million was about equal the daily average of around 35 million shares. Investors continue to sell the stock after last week’s earnings disappointment.
The Home Depot Inc. (NYSE: HD) traded down 1.86% at $119.74. The stock’s 52-week range is
$109.62 to $139.00. Volume was about 10% above the daily average of around 4.5 million shares. The company had no specific news Tuesday.
The Travelers Companies Inc. (NYSE: TRV) traded down 1.72% at $106.32. The stock’s 52-week range is $101.23 to $119.32. Volume was about 15% below the daily average of around 1.5 million shares. The company had no specific news.
Of the 30 Dow index stocks just 4 are on track to close higher Tuesday and 26 are set to close lower.
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