April 7, 2014: Markets opened lower on Monday and were on a downhill slide all day long. Momentum stocks again had a terrible day. At the close of trading today the DJIA was down 1.02%, the S&P 500 was down 1.08%, and the Nasdaq Composite was 1.16%.
Among the DJIA stocks Visa Inc. (NYSE: V) dropped 2.05% and closed at $203.45 in a 52-week range of $161.27 to to $235.50. Volume was nearly double the daily average of around 3.3 million shares traded. There was no significant news on the company today, but equities just were not in demand today.
Another non-performer today was The Goldman Sachs Group Inc. (NYSE: GS) which closed down 2.87% at $158.55 in a 52-week range of $137.29 to $181.13. Along with Visa and peer JPMorgan Chase & Co. (NYSE: JPM) the financial stocks had a pretty dismal day today. Visa’s volume was about 15% higher than the daily average of around 3.4 million shares traded.
Nike Inc. (NYSE: NKE) dropped 2.76% today, to close at $70.83 in a 52-week range of $58.33 to $80.26. Share volume was about 20% above the daily average of around 4 million shares traded. Consumer discretionary stocks were also unpopular today and Nike peer Under Armour Inc. (NYSE: UA) got an upgrade. Ouch.
Pfizer Inc. (NYSE: PFE) announced some good news over the weekend on its cancer drug. But that was not enough to spare the stock from today’s downturn. Shares closed at $31.20, down 2.99% in a 52-week range of $27.12 to $32.96. Volume was 75% above the daily average of 27 million shares traded.
Of the Dow 30 stocks only 7 closed higher today and 23 closed lower.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
