The 4 Stocks That Tanked the Market

Investing

Published: September 25, 2014 4:01 pm

Last Updated: April 28, 2020 6:22 am

September 25, 2014: Markets opened lower on Thursday as tech stocks led by Apple Inc. (NASDAQ: AAPL) had dropped more than 2% about half an hour before the close. A weak report on U.S. durable goods orders did nothing to raise investors’ spirits either. The market is on track for its biggest one-day loss in almost two months.Shortly before the closing bell the DJIA traded down 1.32% for the day, the S&P 500 traded down 1.40%, and the Nasdaq Composite down 1.72%.

The Dow 30 stock posting the largest percentage loss ahead of the close today was The Goldman Sachs Group Inc. (NYSE: GS) which traded down 1.92% at $184.20 in a 52-week range of $151.65 to $188.58. Trading volume was about equal to the daily average of around 2.5 million shares. Next to tech stocks financials were the day’s worst performers and every one of the four financial stocks among the Dow 30 was down close to 2% today.

International Business Machines Corp. (NYSE: IBM) traded down 1.50% at $189.43 in a 52-week range of $172.19 to $199.21. Volume was about equal to the daily average of about 3.4 million shares. Big Blue could not avoid the carnage in the tech sector today.

Intel Corp. (NASDAQ: INTC) traded down 1.44% at $34.26. The stock’s 52-week range is $22.48 to $35.56. Another tech stock posting a hefty downturn today on no specific news. Trading volume was about 10% below the daily average of around 31 million shares.

3M Co. (NYSE: MMM) traded lower today by 1.33% at $142.96. The stock’s 52-week range is $116.65 to $147.87. Volume was about equal to the daily average of around 2 million shares. Industrials as a group were down about 1.3% today. 3M had no specific news.

Every one of the Dow 30 stocks closed lower today.

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