The 4 Stocks That Tanked the Market

Investing

Published: October 7, 2014 4:01 pm

Last Updated: April 28, 2020 6:22 am

October 7, 2014: Markets opened lower on Tuesday and never even took a serious run at the break-even line. The JOLTS report on job openings posted a 13+-year high today, a good sign for job-seekers. Shortly before the closing bell the DJIA traded down 1.31% for the day, the S&P 500 traded down 1.22%, and the Nasdaq Composite traded down 1.29%.

The Dow 30 stock posting the largest daily decline ahead of the close today was Caterpillar Inc. (NYSE: CAT) which traded down 3.00% today at $95.06. The stock’s 52-week range is $81.87 to $111.46. The heavy equipment maker had no specific news today, but mining stocks continue to generate bad news for Cat and farm equipment maker AGCO Corp. (NYSE: AGCO) warned on earnings today. Volume was about 15% above the daily average of around 4.5 million shares.

United Technologies Corp. (NYSE: UTX) traded lower by 2.32% at $101.81, after posting a new 52-week low of $101.49.. The stock’s 52-week high is $120.66. Volume was about 25% above the daily average of around 4 million shares. The company named a new president of its Pratt & Whitney engine division last week just as P&W is launching a new engine for the Airbus A320neo.

Johnson & Johnson (NYSE: JNJ) traded down 2.20% at $102.59 in a 52-week range of $85.50 to $108.77. Volume was about equal to the daily average of around 6 million shares. There was not specific news on the company today, but healthcare stocks took a dip of about 1.5% today.

Visa Inc. (NYSE: V) traded down 1.55% at $208.50. The stock’s 52-week range is $180.11 to $235.50. Trading volume was about 35% below the daily average of around 2.4 million shares. There was no specific news on Visa today, but financials, like healthcare stocks, were down about 1.5% on the day.

Of the Dow 30 stocks 28 stocks are set to close lower today, and just 2 are on track to close higher.

ALSO READ: 10 Best Technology Companies to Work For

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.