The 4 Stocks That Sank the Dow on Friday

Investing

Published: February 6, 2015 4:01 pm

Last Updated: April 28, 2020 6:18 am

February 6, 2015: Markets opened mixed on Friday following the monthly report on unemployment that showed the rate rising to 5.7%, new jobs growing faster than expected, and hourly wage growth up 0.5%. Equities fell into negative territory in the early afternoon and look to finish the day in the red. Shortly before the closing bell the DJIA traded down 0.57% for the day, the S&P 500 traded down 0.55%, and the Nasdaq Composite traded down 0.69%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was Intel Corp. (NASDAQ: INTC) which traded down 2.24% at $33.18. The stock’s 52-week range is $23.77 to $37.90. Trading volume was about 20% below the daily average of 30 million shares. The company had no specific news today.

Nike Inc. (NYSE: NKE) traded down 1.81% at $91.65. The stock’s 52-week range is $70.60 to $99.76. Trading volume was about 20% lower than the daily average of around 3.3 million shares. Competitor Under Armour cut its outlook earlier this week and Nike’s one-time bump from the Super Bowl was just that — one-time.

Visa Inc. (NYSE: V) traded down 1.89% at $266.55. The stock’s 52-week range is $194.84 to $272.45, a new high set today. Trading volume was about 25% below the daily average of around 2.6 million shares. The company put up its new high early in the morning and drifted lower for the rest of the day. Due to its weight in the DJIA the stock is the main driver for the index’s slide today.

Johnson & Johnson (NYSE: JNJ) traded lower by 1.52% at $100.90. The stock’s 52-week range is $88.61 to $109.49. Trading volume was about 15% below the daily average of around 8 million shares. The company had no specific news today.

Of the Dow 30 stocks 23 are set to close lower today and 7 are on track to close higher.

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