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.
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