February 9, 2015: Markets opened lower on Monday following remarks by Greece’s new president that rattled traders. There was no U.S. economic data out today. Shortly before the closing bell the DJIA traded down 0.47% for the day, the S&P 500 traded down 0.36%, and the Nasdaq Composite traded down 0.22%.
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 1.59% at $85.94. The stock’s 52-week range is $72.61 to $90.97. Trading volume was about 40% below the daily average of 7.5 million shares. The company had no specific news today.
Johnson & Johnson (NYSE: JNJ) traded lower by 1.29% at $99.77. The stock’s 52-week range is $89.80 to $109.49. Trading volume was about 10% below the daily average of around 8.2 million shares. The company had no specific news today.
The Travelers Companies Inc. (NYSE: TRV) traded down 1.27% at $105.84. The stock’s 52-week range is $80.65 to $108.24. Trading volume was about equal to the daily average of around 2 million shares. The insurance company had no news today, and competitor Kemper beat estimates this morning and is also trading lower for the day.
Merck & Co. Inc. (NYSE: MRK) traded down 0.82% at $58.31. The stock’s 52-week range is $52.49 to $63.62. Trading volume was about 25% lower than the daily average of around 10.6 million shares. A former company finance analyst is prepared to plead guilty to an insider trading charge.
Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.
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