The 4 Stocks That Weighed on the Market

Investing

Published: August 22, 2014 4:01 pm

Last Updated: April 28, 2020 6:25 am

August 22, 2014: Markets opened mixed on Friday following news of a Russian convey moving into Ukraine. Fed chairwoman Janet Yellen’s speech today did not break any new ground, and provided little in the way of actionable information. Shortly before closing today the DJIA traded down 0.26% for the day, the S&P 500 traded down 0.23%, and the Nasdaq Composite traded up 0.15%.

The Dow 30 stock posting the biggest percentage loss today was General Electric Co. (NYSE: GE) which traded down 1.17% at $26.11 in a 52-week range of $22.92 to $28.09. The company had no particularly bad news today and its new engine for the 787 Dreamliner received FAA approval today. GE’s volume was about 25% below the daily average of around 28 million shares.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 0.90% at $24.67 in a 52-week range of $20.22 to $26.08. Volume was about 30% below the daily average of around 26.5 million shares traded. The networking giant had no news today.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 0.85% at $98.44 today. The stock’s 52-week range is $84.79 to $104.76. Volume was about 40% below the daily average of around 9 million shares traded. Crude oil touched a low under $93 a barrel today — not good news for Exxon or Chevron which is also trading down today.

Caterpillar Inc. (NYSE: CAT) traded down 0.63% at $107.29. The stock’s 52-week range is $81.46 to $111.46. Share volume was about 20% below the daily average of around 3.8 million shares traded. The company’s sales were lower in July, but the declines are getting smaller. Competitor Deere said this morning that it is laying off 460 people in addition to the 600 it let go last week.

Of the Dow 30 stocks 22 are set to close lower today and just 8 are poised to close higher.

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