The 4 Stocks That Sank the Dow on Friday

Investing

Published: April 17, 2015 4:01 pm

Last Updated: April 28, 2020 6:18 am

April 17, 2015: Markets opened lower again on Friday following the monthly report showing that the consumer price index rose just 0.2% in March. The possibility of a Greek default on sovereign debt also weighed on stocks Shortly before the closing bell the DJIA traded down 1.43% for the day, the S&P 500 traded down 1.06%, and the Nasdaq Composite traded down 1.44.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was American Express Co (NYSE: AXP) which traded down 4.29% at $77.44. The stock’s 52-week range is $76.53 to $96.24. Trading volume was more than double the daily average of around 8.2 million shares. The credit card company reported less-than-stellar earnings last night.

The Travelers Companies Inc (NYSE: TRV) traded down 3.01% at $105.40. The stock’s 52-week range is $86.01 to $110.49. Trading volume was about 50% above the daily average of around 1.9 million shares. The company had no specific news today, and reports quarterly results on Monday.

UnitedHealth Group Inc. (NYSE: UNH) traded down 2.36% at $118.73. The stock’s 52-week range is $74.26 to $123.76. Trading volume was about 20% below the daily average of around 4.2 million shares. The company posted solid earnings earlier this week, but investors may be worried that the stock is overvalued.

3M Company (NYSE: MMM) traded lower by 2.40% at $161.91. The stock’s 52-week range is $130.60 to $170.50. Trading volume was about 15% above the daily average of around 2.1 million shares. The company had no specific news today, but it was another stock that was touted as perhaps being overvalued.

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

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