The 4 Stocks That Leveled the DJIA

Investing

Published: October 6, 2014 4:01 pm

Last Updated: April 28, 2020 6:10 am

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October 6, 2014: Markets opened higher on Monday but turned lower early in the day as the dollar headed for a lower close and oil closed above $90 a barrel after falling earlier in the day. A weaker dollar and a higher oil price could just as easily have pushed equity prices up; as it was, blue chips traded essentially flat today. Shortly before the closing bell the DJIA traded down 0.05% for the day, the S&P 500 traded down 0.11%, and the Nasdaq Composite traded down 0.43%.

The Dow 30 stock posting the largest move in either direction ahead of the close today was The Coca-Cola Co. (NYSE: KO) which traded up 1.47% today at $43.67. The stock’s 52-week range is $36.83 to $43.50, and shares came with pennies of the 52-week high. The beverage company had no specific news today. Volume was about 10% above the daily average of 13.7 million shares.

The stock posting the second-largest gain today was Verizon Communications Inc. (NYSE: VZ) which traded higher by 0.83% at $50.12. The stock’s 52-week range is $45.45 to $53.66. Volume was about 30% below the daily average of around 13.4 million shares.Verizon and Outerwall Inc. (NASDAQ: OUTR) agreed to shut down their Redbox instant video subscription service.

Cisco Systems Inc. (NASDAQ: CSCO) posted the largest percentage loss today, and traded down 1.05% at $25.05 in a 52-week range of $20.22 to $26.08. Volume was about 20% below the daily average of around 26 million shares. There was not specific news on the networking equipment stock today, but news of the split of Hewlett-Packard Co. (NYSE: HPQ) has kept the pressure on tech stocks today.

Nike Inc. (NYSE: NKE) traded down 1.01% at $89.39. The stock’s 52-week range is $69.85 to $90.52, and the high was set earlier today. Trading volume was about 25% below the daily average of around 3.7 million shares. There was no specific news on Nike today.

Of the Dow 30 stocks 18 stocks are set to close lower today, and 12 are on track to close higher.

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