December 12, 2014: Markets opened lower on Friday following another cut to the International Energy Agency’s crude oil growth projection. Nothing but oil prices seem to matter much recently. Shortly before the closing bell the DJIA traded down 1.57% for the day, the S&P 500 traded down 1.36%, and the Nasdaq Composite traded down 0.94%.

The DJIA stock posting the largest daily loss ahead of the close Friday was International Business Machines Corp. (NYSE: IBM) which traded down 3.27% at $155.80. The stock’s 52-week range is $155.34 to $199.21, and the low was posted today. Trading volume about a 50% above the daily average of around 4.7 million shares. There was no specific news today for Big Blue.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 3.14% at $69.38. The stock’s 52-week range is $59.35 to $73.53. Trading volume was about 50% below the daily average of around 5.2 million shares. The company had no specific news today, and could be the victim of rising concern that the oil market is poisoning the market for everything.

The Goldman Sachs Group Inc. (NYSE: GS) traded down 2.68% at $188.35. The stock’s 52-week range is $151.65 to $198.06. Volume was about equal to the daily average of around 3 million shares. Investors are also wary of financial institutions that hold energy company paper.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 2.56% at $86.92. The stock’s 52-week range is $86.83to $104.76, and the low was set today. Volume was about 50% above the daily average of around 13 million shares. Another ugly day for the world’s largest privately held oil company.

Of the Dow 30 stocks 29 are set to close lower today and just 1 (Walmart) is on track to close higher.

ALSO READ: Will Oil Drop to $40?

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