The 4 Stocks That Tanked the Market

Investing

Published: June 24, 2014 4:01 pm

Last Updated: April 28, 2020 6:22 am

June 24, 2014: Markets opened mixed again on Tuesday with the tech-heavy Nasdaq Composite once more starting the day with a small gain. The S&P 500 put up an intra-day high before equities plunged in the afternoon following reports that Syrian planes struck targets in western Iraq killing at least 50 people. Shortly before the closing bell the DJIA traded down 0.58% for the day, the S&P 500 was down 0.55%, and the Nasdaq Composite traded down 0.35%.

Exxon Mobil Corp. (NYSE: XOM) posted the largest percentage decline among the Dow 30 today, down 1.29% at around $103.01 in a 52-week range of $84.79 to $104.61. Volume was about 25% lower than the daily average of around 10 million shares traded. The company had no news, but crude oil prices softened a bit to close at $106.03 a barrel today.

The Goldman Sachs Group Inc. (NYSE: GS) traded lower today, down 1.09% at $168.40 shortly before today’s close. The stock’s 52-week range is $148.71 to $181.13. Volume was about 20% below the daily average of around 3 million shares traded. The company also had no news today, but the financial sector was down more than 0.8% for the day.

Visa Inc. (NYSE: V) traded lower by 0.63% at $208.14 shortly before the closing bell. The stock’s 52-week range is $170.99 to $235.50. Volume was about 20% lower than the daily average of around 3.3 million shares traded. Visa also had no news today but was caught up in the downward spiral of the financial stocks.

The Boeing Co. (NYSE: BA) traded at $129.27, down 1.27% in a 52-week range of $96.31 to $144.57. Share volume was about 20% higher than the daily average of around 3.3 million shares traded. The National Transportation Safety Board today ruled that the July 2013 crash of an Asiana 777 at San Francisco airport that cost three people theirs lives was the result of pilots failing to abort a landing. The NTSB also said that complexities of the plane’s autothrottle, which were inadequately described in Boeing’s manuals, contributed to the crash.

Of the Dow 30 stocks only 5 looked to close higher today and 25 were on their way to a lower finish.

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