International Business Machines Corp. (NYSE: IBM) traded lower by 0.77% at $188.40. The stock’s 52-week range is $172.19 to $200.94. Volume was about 25% lower than the daily average of around 4 million shares traded. There was no news on the company today, Yellen’s comments on overvalued tech stocks didn’t help Big Blue.
The Walt Disney Co. (NYSE: DIS) traded down 0.68% at $86.17 today, in a 52-week range of $60.41 to $87.61. Volume was about equal to the daily average of around 6 million shares traded. The bank easily topped analysts’ estimates this morning and Goldman and JPMorgan kept the DJIA in (barely) positive territory most of the day.
Johnson & Johnson (NYSE: JNJ) traded down 2.05% at $103.22. The stock’s 52-week range is $85.50 to $106.74. Share volume was about double the daily average of around 6.3 million shares traded. J&J’s second-quarter earnings were solid, but guidance was not what analysts were looking for.
The Coca-Cola Co. (NYSE: KO) traded down 0.71% at $42.08 in a 52-week range of $36.83 to $42.49. Volume was about 20% below the daily average of nearly 13 million shares. No news of note today, and modest volume indicates not much.
Today’s loss would have been worse but for JPMorgan Chase & Co. (NYSE: JPM) and The Goldman Sachs Group Inc. (NYSE: GS). Both banks beat estimates this morning and the high value Goldman stock did the heavy lifting. Morgan traded up 3.45% and Goldman traded up 1.16%.
Of the Dow 30 stocks 15 are set to close higher today and 15 look to close lower.
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