The 4 Stocks That Sank Monday’s Market

Investing

Published: December 8, 2014 4:01 pm

Last Updated: April 28, 2020 6:17 am

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December 8, 2014: Markets opened lower on Monday after Japan reported a lower-than-expected revision to third-quarter GDP and the European Central Bank does not appear to have any interest in quantitative easing. Crude oil prices took another jolt on Monday to post yet another 5-year low below $63 a barrel. Shortly before the closing bell the DJIA traded down 0.62% for the day, the S&P 500 traded down 0.79%, and the Nasdaq Composite traded down 0.96%.

The DJIA stock posting the largest daily loss ahead of the close Monday was McDonald’s Corp. (NYSE: MCD) which traded down 3.91% at $92.53. The stock’s 52-week range is $89.34 to $103.78. Trading volume was 60% higher than the daily average of around 6 million shares. The company reported dreadful same-store sales results for November.

Chevron Corp. (NYSE: CVX) traded down 3.75% at $106.71. The stock’s 52-week range is $106.41 to $135.10. Trading volume was about 30% above the daily average of around 7.6 million shares. Still-falling oil prices continue to push down energy sector stocks and size is no insulator against shareholders wanting to sell.

Caterpillar Inc. (NYSE: CAT) traded down 3.30% at $95.52. The stock’s 52-week range is $84.84 to $111.46. Volume was about equal to the daily average of around 5 million shares. The company had no specific news today.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 2.28% at $91.68. The stock’s 52-week range is $86.91 to $104.76. Volume was about equal to the daily average of around 13 million shares. The five-year low crude price simply battered oil stocks today.

Of the Dow 30 stocks 15 are set to close lower today and 15 are on track to close higher.

ALSO READ: Will Oil Drop to $40?

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