The 4 Stocks That Weighed Down the Market

Investing

Published: August 27, 2014 4:01 pm

Last Updated: April 28, 2020 6:23 am

August 27, 2014: Markets opened higher on Wednesday but soon turned negative before bouncing back above the break-even line in the mid-morning. The S&P 500 opened at a new high, but fell below the 2,000 line for good late in the afternoon. Volume was very light again today and equities ended the day about where they began it. Shortly before closing today the DJIA traded up 0.05% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite traded down 0.06%.

The Dow 30 stock posting the biggest percentage loss today was United Technologies Inc. (NYSE: UTX) which traded down 0.61% at $109.01 in a 52-week range of $99.50 to $120.66. The company’s investor day outlook was a little short of expectations. The company’s volume was about half the daily average of around 3.8 million shares.

3M Co. (NYSE: MMM) traded down 0.44% at $143.96 in a 52-week range of $112.36 to $146.43. Volume was about 40% below the daily average of around 1.9 million shares traded. The company had no news today.

International Business Machines Corp. (NYSE: IBM) traded down 0.41% at $192.20. The stock’s 52-week range is $172.19 to $199.21. Share volume was about half the daily average of around 3.7 million shares traded. The company lost its ranking as the number 1 server maker to H-P today.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 0.21% at $99.44 today. The stock’s 52-week range is $84.79 to $104.76. Volume was about 25% below the daily average of around 9.2 million shares traded. The energy company had no news today.

Of the Dow 30 stocks 17 are set to close higher today and 13 are poised to close lower.

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