The 4 Stocks That Tanked the DJIA on Friday

Investing

Published: March 6, 2015 4:01 pm

Last Updated: April 28, 2020 6:21 am

March 6, 2015: Markets opened lower on Friday after news that the unemployment rate fell to 5.5% in February and the economy added 295,000 non-farm jobs after a downward revision of 18,000 to the January estimate. The number was not as strong as hoped for and wage growth rose just 0.1% after a rise of 0.5% in January. Today’s other big news is that Apple is replacing AT&T in the Dow Jones industrials index on March 19th. Shortly before the closing bell the DJIA traded down 1.65% for the day, the S&P 500 traded down 1.54%, and the Nasdaq Composite traded down 1.23%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Procter & Gamble Co. (NYSE: PG) which traded down 2.54% at $82.48. The stock’s 52-week range is $77.29 to $93.89. Trading volume was about 20% above the daily average of around 7.6 million shares. The company had no specific news today, but it is another consumer-facing firm that suffered today.

Johnson & Johnson (NYSE: JNJ) traded down 2.49% at $99.97. The stock’s 52-week range is $92.46 to $109.49. Trading volume was about 35% below the daily average of around 9.3 million shares. The company had no specific news today, but the consumer goods sector was down nearly 1.9% on Friday.

The Coca-Cola Co. (NYSE: KO) traded lower by 2.35% at $41.40. The stock’s 52-week range is $37.88 to $45.00. Trading volume was about 10% below the daily average of around 15 million shares. The company had no specific news today.

Visa Inc. (NYSE: V) traded down 1.60% at $269.74. The stock’s 52-week range is $194.84 to $278.65. Trading volume was about 20% below the daily average of around 2.5 million shares. The company had no specific news today.

All 30 DJIA stocks are on track to finish lower for the day.

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