The 4 Stocks That Weighed Down the DJIA Friday

Investing

Published: January 2, 2015 4:01 pm

Last Updated: April 28, 2020 6:23 am

January 2, 2015: Markets opened higher on Friday but trading settled into another sluggish trading session. The price of crude bounced around from a low near $52 to a high above $55 posted very early Friday morning. Crude closed down 1.1% on the day at $52.69. Shortly before the closing bell the DJIA traded up 0.19% for the day, the S&P 500 traded up 0.11%, and the Nasdaq Composite traded down 0.04%. Shares were climbing in the last few minutes of trading after trading in the red most of the day.

The DJIA stock posting the largest daily loss ahead of the close Friday was Nike Inc. (NYSE: NKE) traded lower by 1.35% at $94.85. The stock’s 52-week range is $69.85 to $99.76. Volume was about half the daily average of around 3.5 million shares. The company had no specific news today.

The Home Depot Inc. (NYSE: HD) traded down 1.30% at $103.64. The stock’s 52-week range is $73.96 to $106.02. Trading volume was about 40% below the daily average of around 5.7 million shares. The company had no specific news today, and the drop is almost certainly due to profit-taking after the stock posted its new high last Wednesday.

General Electric Co. (NYSE: GE) traded down 0.63% at $25.11. The stock’s 52-week range is $23.69 to $27.94. Trading volume is about 10% below the daily average of around 34 million shares. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 0.59% at $27.65. The stock’s 52-week range is $21.27 to $28.59. Trading volume was about 30% below the daily average of around 28 million shares. Shares traded with half a buck of the 52-week high; like Home Depot, this could just be some profit taking today.

Of the Dow 30 stocks 12 are set to close lower today and 18 are on track to close higher.

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