The 4 Stocks That Sank the Market on Thursday

Investing

Published: December 4, 2014 4:01 pm

Last Updated: April 28, 2020 6:20 am

December 4, 2014: Markets opened lower on Thursday and briefly poked above the break even line in the afternoon before turning south to head toward a lower close. The ECB’s decision to hold off on quantitative easing until next year got the day off to a sour start. Shortly before the closing bell the DJIA traded down 0.21% for the day, the S&P 500 traded down 0.24%, and the Nasdaq Composite down 0.22%.

The DJIA stock posting the largest daily loss ahead of the close Thursday was Chevron Corp. (NYSE: CVX) which traded down 1.56% at $111.94. The stock’s 52-week range is $106.65 to $135.10. Trading volume was about 20% below the daily average of around 7.5 million shares. The company had no specific news today.

UnitedHealth Group Inc. (NYSE: UNH) traded down 1.32% at $99.47. The stock’s 52-week range is $69.57 to $101.33. Trading volume was about 10% below the daily average of around 3.9 million shares. The company issued solid 2015 guidance earlier this week, but had no news today.

General Electric Co. (NYSE: GE) traded lower by 1.35% at $26.02. The stock’s 52-week range is $23.69 to $28.09. Volume was about 25% below the daily average of around 30 million shares. The conglomerate had no specific news today, but the industrials sector posted the second-biggest daily loss today.

The Boeing Co. (NYSE: BA) traded down 0.70% at $131.04. The stock’s 52-week range is $116.32 to $144.57. Volume was about half the daily average of around 4 million shares. The company had no specific news today.

Of the Dow 30 stocks 19 are set to close lower today and 11 are on track to close higher.

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