The 4 Stocks That Sank Thursday’s Market

Investing

Published: January 15, 2015 4:01 pm

Last Updated: April 28, 2020 6:20 am

January 15, 2015: Markets opened higher on Thursday following an announcement from the Swiss National Bank that it would no longer support the franc at €1.20. Oil prices shot up and dragged everything else along for the ride – for a while. Jobless claims in the U.S. were higher and producer prices dropped before the market opened this morning. Shortly before the closing bell the DJIA traded down 0.35% for the day, the S&P 500 traded down 0.67%, and the Nasdaq Composite traded down 1.30%.

The DJIA stock posting the largest daily loss ahead of the close Tuesday was JPMorgan Chase & Co. (NYSE: JPM) which traded down 2.71% at $52.27. The stock’s 52-week range is $52.97 to $63.49. Trading volume was more than double the daily average of around 15.8 million shares. The bank’s earnings announcement was not well-received yesterday and the ill-will carried over today with lackluster reports from both Citi and BofA.

Cisco Systems Inc. (NASDAQ: CSCO) traded lower by 1.50% at $27.50. The stock’s 52-week range is $21.27 to $28.70. Trading volume was about 25% below the daily average of around 28 million shares. The stock got a price target increase today, but that wasn’t enough good news to prop up shares on a down day.

The Home Depot Inc. (NYSE: HD) traded down 1.28% at $101.33. The stock’s 52-week range is $73.96 to $106.99. Trading volume was about 20% below the daily average of around 4 million shares. The company begins defending the first court case related to its massive data breach.

Johnson & Johnson (NYSE: JNJ) traded down 1.25% at $102.70. The stock’s 52-week range is $86.09 to $109.49. Trading volume is about 15% above the daily average of around 8 million shares. The stock took a downgrade from Goldman’s analyst this morning..

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

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