Investing

The 4 Stocks That Dominated the Market on Tuesday

stock symbol ticker
thinkstock
March 11, 2014: Markets opened mixed on Tuesday and turned sharply lower in mid-morning trading as copper prices tumbled below $3 a pound, a level not seen since mid-2010. Because copper is often viewed as a bellwether for the global economy, price swings in the red metal can affect equity prices. In the final minutes of trading the DJIA was down 0.47%, the S&P 500 was down 0.62%, and the Nasdaq Composite was down 0.76%.

Today’s big gainer among the Dow stocks was McDonald’s Corp. (NYSE: MCD). The company’s CFO indicated that the fast-food giant may seek more ways to cut costs and even borrow cash to boost returns to investors. The company’s shares traded up 3.53% at $98.56 in a 52-week range of $92.22 to $103.70 just ahead of the closing bell. Volume is on track to be more than 3-times higher than the daily average of nearly 5 million shares traded.

The most heavily traded Nasdaq stocks today are Plug Power Inc. (NASDAQ: PLUG) and FuelCell Energy Inc. (NASDAQ: FCEL). The difference today is that the stock prices are tumbling, with Plug Power down 38.89% at $6.30 in a 52-week range of $0.15 to $11.70 (a new 52-week high today). The company’s stock is worth $0.50 a share according to an analyst at Citron Research, who recently had some very harsh things to say about 3D Systems Inc. (NYSE: DDD) as well. Plug Power’s share volume was nearly 8-times the daily average of around 31 million shares traded.

One Nasdaq stock posting outsized gains today is Clean Diesel Technologies Inc. (NASDAQ: CDTI) which is getting a share price boost of 68.85%. The company announced that it will begin shipping emissions control systems’ catalysts to Honda in the first half of this year. The stock will close at around $4.82 in a 52-week range of $1.10 to $7.39 (the high was set today and was nearly double Monday’s closing price of $2.83). Volume was about 36-times the daily average of around nearly 525,000 shares traded.

S&P 500 and Dow 30 stocks Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM) are trading lower today as the financial sector takes a few lumps. Goldman trades down 1.95% today at $170.09 in its 52-week range of $137.29 to $181.13 shortly before the closing bell. Trading volume for Goldman’s shares was about 10% below the daily average of around 3.2 million shares.

Of the Dow 30 stocks 8 are set to close higher today while 22 are on their way to a lower close.

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.