The DJIA stock posting the largest daily loss ahead of the close Friday was Chevron Corp. (NYSE: CVX) which traded lower by 1.72% at $108.51. The stock’s 52-week range is $100.15 to $135.10, and the high was posted today. Trading volume was about 20% below the daily average of around 8.8 million shares. The company had no specific news today but the downturn in crude oil prices weighed on the stock.
JPMorgan Chase & Co. (NYSE: JPM) traded down 1.57% at $59.44. The stock’s 52-week range is $52.97 to $63.49. Trading volume was about 25% below the daily average of around 15 million shares. The bank reportedly agreed to pay a $500 million settlement related to $18 billion in bad mortgage-based securities related to Bear Stearns which Morgan acquired in 2008.
General Electric Co. (NYSE: GE) traded down 1.40% at $24.03. The stock’s 52-week range is $23.69 to $27.53. Trading volume was about 15% below the daily average of around 36 million shares. The company had no specific news today.
Visa Inc. (NYSE: V) traded down 1.35% at $260.93. The stock’s 52-week range is $194.84 to $269.32. Trading volume is about 35% below the daily average of around 2.8 million shares. Visa, which accounts for about 9.5% of the price-weighted DJIA, had no specific news today, and the lower trading price could indicate some profit taking.
Of the Dow 30 stocks 23 are set to close lower today and 7 are on track to close higher.
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