The 4 Stocks That Sank the Dow on Tuesday

Investing

Published: March 10, 2015 4:01 pm

Last Updated: April 28, 2020 6:19 am

March 10, 2015: Markets opened lower on Tuesday as a strengthening dollar pushed down the prices of oil, gold, and other commodities. Rising inventory levels and a boost in job openings gave equities a brief boost in mid-morning, but the gain was short-lived. Shortly before the closing bell the DJIA traded down 1.67% for the day, the S&P 500 traded down 1.47%, and the Nasdaq Composite traded down 1.47%.

The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was United Technologies Corp. (NYSE: UTX) which traded down 3.24% at $117.81. The stock’s 52-week range is $97.30 to $124.45. Trading volume was about equal to the daily average of around 4 million shares. The company’s investor day presentation is Thursday and there are expectations that UTC will trim its portfolio of products.

The Goldman Sachs Group Inc. (NYSE: GS) traded down 2.44% at $183.35. The stock’s 52-week range is $151.65 to $198.06. Trading volume was about a third less than the daily average of around 2.9 million shares. The company had no specific news today, but the Fed is scheduled to release results of this year’s bank stress tests on Wednesday, never a good day for the country’s biggest financial institutions.

Visa Inc. (NYSE: V) traded lower by 1.97% at $266.08. 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.

The Walt Disney Co. (NYSE: DIS) traded down 1.79% at $103.38. The stock’s 52-week range is $76.31 to $106.64. Trading volume was about 35% below the daily average of around 7 million shares. The company had no specific news today.

Of the Dow 30 stocks 29are set to close lower today and just 1 (Dupont) is on track to close higher.

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