The Dow 30 stock posting the largest daily loss ahead of the close today was JPMorgan Chase & Co.) which traded down 4.33% at $55.48. The stock’s 52-week range is $51.30 to $61.85. The big bank reported third quarter results yesterday that were better than expected, but lingering doubts about legal expenses still weigh on shares. Morgan’s volume was nearly two and a half-times the daily average of around 13.6 million shares.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 3.86% at $74.99 in a 52-week range of $71.69 to $81.37. Volume was about 4-times the daily average of around 5.6 million shares. The company cut its capex and sales growth forecasts late this afternoon.
The Home Depot Inc. (NYSE: HD) traded down 2.45% at $87.89. The stock’s 52-week range is $73.74 to $94.79. Trading volume was about double the daily average of around 6.7 million shares. Home improvement stores did not fare well in the September retail sales report and investors might be worried that more of the same is in store.
The Boeing Co. (NYSE: BA) traded lower by 1.65% at $120.27. The stock’s 52-week range is $116.32 to $144.57. Volume was about 80% higher than the daily average of around 4.1 million shares. Competitor Airbus announced a $26 billion contract this morning.
Of the Dow 30 stocks 24 stocks are set to close lower today, and just 6 are on track to close higher.
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