Investing

The 4 Stocks That Weighed on the Market Tuesday

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January 13, 2015: Markets opened higher again on Tuesday but stocks drifted lower all day and finally broke through into the read by mid-afternoon. Oil had another up and down day, closing below $46 a barrel  after hitting an early morning low of $44.20. Shortly before the closing bell the DJIA traded down 0.13% for the day, the S&P 500 traded down 0.22%, and the Nasdaq Composite traded down 0.07%.

The DJIA stock posting the largest daily loss ahead of the close Tuesday was E. I. du Pont de Nemours and Company (NYSE: DD) which traded down 1.95% at $72.96. The stock’s 52-week range is $59.35 to $75.82. Trading volume was about equal to the daily average of around 4.4 million shares. The newspaper reported that a DuPont pesticide plant in Texas where four employees died in November was cited on several occasions for emissions violations.

Chevron Corp. (NYSE: CVX) traded lower by 1.29% at $104.65. The stock’s 52-week range is $100.15 to $135.10. Trading volume was about 20% below the daily average of around 8.8 million shares. The company had no news today other than the continuing slide in crude oil prices.

Pfizer Inc. (NYSE: PFE) traded down 0.98% at $32.45. The stock’s 52-week range is $27.51 to $33.23, and the high was set today. Trading volume was about 10% above the daily average of around 25 million shares. The company had no significant news today but the healthcare sector was headed for down day.

Nike Inc. (NYSE: NKE) traded down 0.76% at $95.13. The stock’s 52-week range is $69.85 to $99.76. Trading volume is about 25% below the daily average of around 3.4 million shares. Consumer goods were another sector that traded down today.

Of the Dow 30 stocks 19 are set to close lower today and 11 are on track to close higher.

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