The 4 Stocks That Sank the Market on Thursday

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By Paul Ausick Updated Published
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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.

ALSO READ: Companies Paying Americans the Least

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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