Investing

The 4 Stocks That Sank the Dow on Friday

stock symbol ticker
thinkstock
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.

ALSO READ: The Most Republican County in Each State

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.