The 4 Stocks That Held Down the DJIA on Wednesday

Investing

Published: February 11, 2015 4:01 pm

Last Updated: April 28, 2020 6:08 am

February 11, 2015: Markets opened mixed on Wednesday as markets didn’t get any data to chew on. Meetings in Europe related to the situation in Ukraine have not even generated much in the way of headlines let alone progress. Crude oil closed below $50 a barrel today as the inventory report showed a larger-than-expected build. Shortly before the closing bell the DJIA traded down 0.05% for the day, the S&P 500 traded down 0.01%, and the Nasdaq Composite traded up 0.29%.

The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was Nike Inc. (NYSE: NKE) which traded down 1.67% at $91.20. The stock’s 52-week range is $70.60 to $99.76. Trading volume was about equal to the daily average of 3.3 million shares. The company had no specific news today, but a Chinese sportswear company posted a big profit gain today and traders might have wanted to trim positions in Nike.

AT&T Inc. (NYSE: T) traded lower by 1.46% at $34.34. The stock’s 52-week range is $31.76 to $37.48. Trading volume was about 10% below the daily average of around 26 million shares. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.44% at $27.09. The stock’s 52-week range is $21.27 to $28.70. Trading volume was about 15% higher than the daily average of around 29 million shares. The company reports earnings after Wednesday’s closing bell.

Wal-Mart Stores Inc. (NYSE: WMT) traded down 1.07% at $86.36. The stock’s 52-week range is $72.61 to $90.97. Trading volume was about 40% below the daily average of around 7.4 million shares. Analysts at HSBC downgraded the stock from Overweight to Neutral this morning and lowered the price target to $87.00.

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

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