No Dow 30 stock moved as much as 1% today, but the stock posting the largest daily drop ahead of the close today was JPMorgan Chase & Co. (NYSE: JPM) which traded down 0.94% at $61.35. The stock’s 52-week range is $52.97 to $61.89. Volume was about 25% below the daily average of around 14 million shares. Analysts at Keefe Bruyette & Woods downgraded the stock this morning from Outperform to Market Perform on a valuation call.
American Express Co. (NYSE: AXP) traded lower by 0.78% at $91.68. The stock’s 52-week range is $78.41 to $96.24. Volume was about 50% below the daily average of around 4.2 million shares. The company had no specific news today, but the stock likely felt the pressure from the downgrade at JPMorgan.
United Technologies Corp. (NYSE: UTX) traded down 0.73% at $108.21. The stock’s 52-week range is $97.30 to $120.66. Trading volume was 40% below the daily average of around 4.2 million shares. The company announced some component and engine sales at China’s Zhuhai Air Show today.
Wal-Mart Stores Inc. (NYSE: WMT) traded lower by 0.55% at $79.00. The stock’s 52-week range is $72.27 to $81.37. Volume was about 30% below the daily average of around 6.5 million shares. The giant retailer reports results on Thursday, and expectations are modest at best.
Of the Dow 30 stocks 10 are set to close lower today and 20 are on track to close higher.
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