The 4 DJIA Stocks That Pressured Wednesday’s Market

Investing

Published: November 12, 2014 4:01 pm

Last Updated: April 28, 2020 5:59 am

November 12, 2014: Markets opened lower on Wednesday, and only the Nasdaq Composite spent most of the trading day in positive territory. Utilities and oil & gas stocks pointed the way down, with the utilities down around 2% on the day and oil & gas down 1%.. Shortly before the closing bell the DJIA traded up 0.01% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite up 0.33%.

The DJIA stock posting the largest daily drop ahead of the close today was JPMorgan Chase & Co. (NYSE: JPM) which traded down 1.47% at $60.47. The stock’s 52-week range is $52.97 to $61.93. Volume was less than 10% below the daily average of around 14 million shares. Morgan was yesterday’s biggest Dow 30 loser as well. The stock has been downgraded by two analysts and was slapped with a fine of about $1 billion in the investigation of rigging in the forex markets.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 1.03% at $95.42. The stock’s 52-week range is $86.91 to $104.76. Volume was about 50% below the daily average of around 14.2 million shares. The company had no specific news today, but the stock likely the impact of a 1.4% drop in the price of crude oil today to around $76.85 per barrel.

Chevron Corp. (NYSE: CVX) traded down 0.62% at $117.70. The stock’s 52-week range is $106.65 to $135.10. Trading volume was about 40% below the daily average of around 6.6 million shares. The company had now news today, but, like Exxon, is feeling the pressure from guttering crude prices.

The Goldman Sachs Group Inc. (NYSE: GS) traded lower by 0.92% at $190.14. The stock’s 52-week range is $151.65 to $192.68. Volume was about 30% below the daily average of around 2.8million shares. Goldman had no news today except the names of its latest 78 partners.

Of the Dow 30 stocks 14 are set to close lower today and 16 are on track to close higher.

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