The DJIA stock taking the biggest beating today was Merck & Co. (NYSE: MRK) which traded down 2.39% at $57.23. The company announced this morning that it had sold its over-the-counter business to Bayer AG for $14.2 billion, but that wasn’t enough to overcome today’s wariness. The stock’s 52-week range is $44.62 to $59.84. Share volume was about equal to the daily average of around 11 million shares traded.
Another Dow 30 drug maker, Pfizer Inc. (NYSE: PFE) traded down 1.57% at $29.49 in a 52-week range of $27.12 to $32.96. Volume was about 60% above the daily average of around 29 million shares. The company’s pursuit of British drug company AstraZeneca continues to get a lot of pushback from the U.K. firm.
JPMorgan Chase & Co (NYSE: JPM) has shut down accounts of all current and former non-U.S. senior government officials as a precaution against fines and compliance costs related to new regulations on money laundering. This move has not been popular among the 3,500 affected account holders. Shares traded at $53.40 today, posting a drop of 1.51%. The stock’s 52-week range is $48.26 to $61.48. Share volume was about equal to the daily average of around 19 million shares traded.
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The Home Depot Inc. (NYSE: HD) traded down 1.61% today at $77.43 in a 52-week range of $72.21 to $83.20. Volume was about 250% below the daily average of around 7 million shares. A fund manager has declared single-family housing a short, and that did nothing good for homebuilders or home improvement stores today.
Of the Dow 30 stocks just 3 looked to close higher today while 27 were on their way to a lower finish.
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