The 4 Stocks That Held the Market Flat

Investing

Published: September 30, 2014 4:01 pm

Last Updated: April 28, 2020 6:08 am

September 30, 2014: Markets opened higher on Tuesday but by early afternoon all three major indexes had dipped below the break-even line. Gold and oil prices ended trading sharply lower today and both commodities posted losses for the month. The hammering on commodities is probably more to blame for today’s mixed showing than any of the economic data released today. Shortly before the closing bell the DJIA traded up 0.03% for the day, the S&P 500 traded down 0.08%, and the Nasdaq Composite down 0.04%.

The Dow 30 stock posting the largest percentage gain ahead of the close today was Visa Inc. (NYSE: V) which traded higher today by 1.46% at $213.98. The stock’s 52-week range is $180.11 to $235.50. Volume was about 15% below the daily average of around 2.4 million shares. The highest-priced stock among the Dow 30 carried the DJIA today with no specific news.

General Electric Co. (NYSE: GE) traded up 1.02% at $25.67. The stock’s 52-week range is $23.50 to $28.09. Trading volume was more equal to the daily average of around 28 million shares. The company announced another natural gas engine contract today, spurring hopes that the company’s Power & Water division is really turning itself around.

Chevron Corp. (NYSE: CVX) traded down 1.03% at $119.31. The stock’s 52-week range is $109.27 to $135.10. The company had no specific news today, but collapsing crude oil prices sparked a sharp drop all through the energy sector today. Volume was about 15% above the daily average of 5 million shares.

McDonald’s Corp. (NYSE: MCD) traded down 1.20% at $95.10 in a 52-week range of $90.53 to $10378. Volume was about 30% above the daily average of about 7.3 million shares. The fast food giant gave back more than half the gain it made on Monday on no specific news.

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

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