The 4 Stocks That Tanked the Market on Friday

Investing

Published: February 27, 2015 4:01 pm

Last Updated: April 28, 2020 6:22 am

February 27, 2015: Markets opened lower on Friday following a lowered estimate of fourth quarter 2014 GDP growth. Equities never really recovered. Shortly before the closing bell the DJIA traded down 0.38% for the day, the S&P 500 traded down 0.23%, and the Nasdaq Composite traded down 0.69%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was American Express Co. (NYSE: AXP) which traded down 1.91% at $81.66. The stock’s 52-week range is $77.12 to $96.24. Trading volume was about equal to the daily average of around 6.7 million shares. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.52% at $29.46. The stock’s 52-week range is $21.27 to $29.99. Trading volume was about 30% lower than the daily average of around 4.8 million shares. The company had no news today, but put up a new 52-week high on Thursday.

Intel Corp. (NASDAQ: INTC) traded lower by 1.16% at $33.26. The stock’s 52-week range is $24.30 to $37.90. Trading volume was about 40% below the daily average of around 28 million shares. The company had no specific news today.

Caterpillar Inc. (NYSE: CAT) which traded down 1.02% at $82.94. The stock’s 52-week range is $78.81 to $111.46. Trading volume was about 55% below the daily average of around 6.6 million shares. The company had no specific news today.

Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.

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