January 30, 2015: Markets opened lower on Friday after the report on GDP showed expansion in the U.S. economy was less than expected.  Equities traded in the red in all sectors but basic materials for most of the day, and then energy stocks bounced back as well on higher crude prices. But broad-based negativity prevailed through the close. Shortly before the closing bell the DJIA traded down 1.22% for the day, the S&P 500 traded down 1.12%, and the Nasdaq Composite traded down 0.88%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was Microsoft Corp. (NASDAQ: MSFT) which traded down 3.62% at $40.49. The stock’s 52-week range is $35.69 to $50.05. Trading volume was about 60% above the daily average of around 33 million shares. Tech stocks dropped more than 1% today.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 3.07% at $26.39. The stock’s 52-week range is $21.27 to $28.70. Trading volume was about equal to the daily average of around 29 million shares. The company was also caught in the tech downturn today.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 3.03% at $85.06. The stock’s 52-week range is $72.27 to $90.97. Trading volume was about 10% lower than the daily average of around 7.4 million shares. The stock’s showing today was probably colored by the announcement from Costco that it would pay a $5 per share special dividend next month.

The Home Depot Inc. (NYSE: HD) traded lower by 2.65% at $104.77. The stock’s 52-week range is $73.96 to $107.74, and that high was posted yesterday. Trading volume was about 10% below the daily average of around 5.4 million shares. The home improvement store had no specific news today.

Of the Dow 30 stocks 27 are set to close lower today and just 3 are on track to close higher.

ALSO READ: The Safest States in America

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.