Investing

The 4 Stocks That Drove the DJIA Down Monday

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December 1, 2014: Markets opened lower on Monday following weak reports on PMI from both Asia and Europe. After tumbling to a five-year low crude oil prices ended the session up 4% to settle at $69.00 a barrel. This may just be wishful thinking on the buyers’ part. Shortly before the closing bell the DJIA traded down 0.20% for the day, the S&P 500 traded down 0.62%, and the Nasdaq Composite traded down 1.31%.

The DJIA stock posting the largest daily loss ahead of the close Wednesday was Caterpillar Inc. (NYSE: CAT) which traded down 1.93% at $98.96. The stock’s 52-week range is $83.11 to $111.46. Volume was about 20% above the daily average of around 4.9 million shares. The company had no specific news today.

Wal-Mart Stores Inc. (NYSE: WMT) traded lower by 1.54% at $86.20. The stock’s 52-week range is $72.27 to $88.09. Volume was about 5% above the daily average of around 7.2 million shares. The company had no specific news today, but reports on Black Friday shopping were not encouraging for retailers.

Nike Inc. (NYSE: NKE) traded down 1.51% at $97.79. The stock’s 52-week range is $69.85 to $99.76. Trading volume was about 50% below the daily average of around 4 million shares. The company had no specific news today.

The Boeing Co. (NYSE: BA) traded down 1.37% at $132.52. The stock’s 52-week range is $116.32 to $144.57. Trading volume was about 35% below the daily average of around 4 million shares. The company, along with the FAA and a Japanese supplier, were blamed today for the battery fires that hit the company’s 787 Dreamliners in early 2013.

Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.

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