Investing
Home Depot, Johnson & Johnson Drag DJIA Lower Friday
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May 26, 2017: Markets opened lower Friday following a better-than-expected report on U.S. GDP and a slightly weaker-than-expected report on consumer sentiment. Gains and losses were small on a typically slow Friday ahead of a three-day weekend. WTI crude oil for July delivery settled at $49.80 a barrel, up 1.8% for the day but down 1.7% for the week. June gold added 0.9% for the day to settle at $1,268.10 and up about 1.2% for the week. Equities were headed for a narrowly mixed close shortly before the bell as the DJIA traded down 0.04% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite traded up 0.02%.
Stocks traded very near the break-even line just minutes before the closing bell. The closing tally could finish with either a small gain or a small loss for any or all of the indexes.
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Home Depot Inc. (NYSE: HD) which traded down 0.97% at $154.94. The stock’s 52-week range is $119.20 to $160.86. Volume was about 35% below the daily average of around 4 million shares. The company had no specific news.
Johnson & Johnson (NYSE: JNJ) traded down 0.53% at $126.86. The stock’s 52-week range is $109.32 to $129.00. Volume was about more than 50% below the daily average of around 6 million shares. The company had no specific news Thursday.
The best performing DJIA stock on Friday was The Walt Disney Co. (NYSE: DIS) which traded up 0.88% at $108.22. The stock’s 52-week range is $90.32 to $116.10. Volume was about 25% lower than the daily average of around 6.1 million shares. The company’s latest entry in the “Pirates of the Caribbean” series opens in wide release today.
Nike Inc. (NYSE: NKE) traded up 0.42% at $52.57. The stock’s 52-week range is $49.01 to $60.33. Volume was about half the daily average of around 9.5 million. The company had no specific news.
Of the Dow stocks, 11 are on track to close higher Friday and 19are set to close lower.
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