The 4 Stocks That Sank the Dow on Tuesday

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By Paul Ausick Updated Published
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May 5, 2015: Markets opened lower on Tuesday and sank slowly throughout the trading day. Bond yields rose on U.S. Treasuries today and European bond yields also jumped. The U.S. trade deficit widened in March and could lead to another downward revision in the first quarter GDP print. Tech sector stocks got a bloody nose today too. Shortly before the closing bell the DJIA traded down 0.79% for the day, the S&P 500 traded down 1.18%, and the Nasdaq Composite traded down 1.55%.

The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Intel Corp. (NASDAQ: INTC) which traded down 2.36% at $32.64. The stock’s 52-week range is $25.74 to $37.90. Trading volume was about 20% below the daily average of around 52 million shares. The company had no specific news today.

Apple Inc. (NASDAQ: AAPL) traded down 2.23%% at $125.82. The stock’s 52-week range is $82.90 to $134.54. Trading volume is about 40% below the daily average of around 11.6 million shares. The company’s mobile ad sales trailed competitor Google Android sales for the first time ever.

Wal-Mart Stores Inc. (NYSE: WMT) traded lower by 1.33% at $78.13. The stock’s 52-week range is $72.61 to $90.97. Trading volume was about 15% below the daily average of around 6.7 million shares. The retailing giant had no specific news today.

The Home Depot Inc. (NYSE: HD) traded down 1.82% at $108.06. The stock’s 52-week range is $75.32 to $117.99. Trading volume is about 20% below the daily average of around 5 million shares. The company had no specific news today.

Of the Dow 30 stocks 27 are set to close lower today and only 2 are on track to close higher.

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The one stock that managed to post a gain today was Visa Inc. (NYSE: V) which gained 0.58%  in a 52-week range of $48.80 to $69.98. The company had no news today.

The only other Dow 30 stock that didn’t post a loss today was McDonald’s Corp. (NYSE: MCD) which closed flat on the day at $96.13 after spiking in the morning to a high of $96.46 and diving about an hour later to $95.57. The fast food giant had some bad news from credit rating agencies yesterday after it announced a turnaround plan that was heavy on returning cash to shareholders and light on operational improvements. The stock’s 52-week range is $87.62 to $103.78.

The Walt Disney Company (NYSE: DIS) traded down 0.2% at $110.81. The stock’s 52-week range is $78.54 to $113.30. Trading volume is over double the daily average of nearly 6 million shares. The company just reported its earnings Tuesday morning and hit a new 52-week high. The Mouse House is also coming off a weekend with a strong box office performance for its newest move “The Age of Ultron”.

Caterpillar Inc. (NYSE: CAT) closed Tuesday down 0.34% at $87.00. The stock traded within a 52-week range of $78.19 to $111.46. The trading volume was nearly 24% below the daily average volume of about 5.6 million shares. The company had no specific news today.

Chevron Corp. (NYSE: CVX) traded down 0.3% on Tuesday to close at $108.00 in a 52-week range of $98.88 to $135.10. Crude oil closed above $60 a barrel today but that did nothing to pump up shares in either of the Dow energy stocks. Chevron even got some good news today, when a British-based litigation finance firm pulled out of the Ecuadoran judgment that Chevron has been fighting for years.

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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