Ju

ly 17, 2014: Markets opened lower on Thursday following a weak report on U.S. housing starts offsetting a stronger-than-expected report on new claims for jobless benefits. The news of a Malaysian passenger jet being shot down over Ukraine sent a chill over the markets that they were not able to overcome. Shortly before closing today the DJIA traded down 0.85% for the day, the S&P 500 traded down 1.11%, and the Nasdaq Composite traded down 1.4%.

Based on its impact on the rest of the index, the biggest loser among the Dow 30 today was Visa Inc. (NYSE: V) which traded lower by 1.95% at $218.35. The stock’s 52-week range is $170.99 to $235.50. Volume was 25% below the daily average of around 2.7 million shares traded. Investors are likely worried about the impact on new sanctions against Russia which hit the stock the last time sanctions were imposed.

Intel Corp. (NASDAQ: INTC) traded down 2.73% at $33.71 today after posting a 52-week yesterday. The 52-week range for the stock is $30.84 to $44.31. Volume was more than double the daily average of around 32 million shares traded. Today’s trading in Intel stock could have been some profit-taking after yesterday’s rise of nearly 9%.

Caterpillar Inc. (NYSE: CAT) traded down 2% at $109.18 in a 52-week range of $81.35 to $111.46. Volume was about 25% below the daily average of around 3.6 million shares. There was no news on the company today, but the industrials sector was off by more than 1% in today’s sell-off.

Johnson & Johnson (NYSE: JNJ) traded down 1.6% at $100.59. The stock’s 52-week range is $85.50 to $106.74. Share volume was about 45% above the daily average of around 6.4 million shares traded. The company had no news today, but like the industrials, consumer staples were not spared today either.

Of the Dow 30 stocks 27 are set to close lower today and just 3 look to close higher.

ALSO READ: Countries Spending the Most on Health Care

 

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