May 12, 2015: Markets opened lower on Tuesday and traded in the red all day. The dollar slipped a bit and oil added about 1.7%. The job openings and labor turnover report released this morning showed that the number of available jobs has dropped month over month. Economic data was slight again today however. Shortly before the closing bell the DJIA traded down 0.13% for the day, the S&P 500 traded down 0.23%, and the Nasdaq Composite traded down 0.28%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Intel Corp. (NASDAQ: INTC) which traded lower by 1.22% at $32.29. The stock’s 52-week range is $25.74 to $37.90. Trading volume was about 35% below the daily average of around 31 million shares. Citi said today that the company’s full-year forecast is too high.
American Express Co. (NYSE: AXP) traded down 0.81%% at $79.06. The stock’s 52-week range is $76.53 to $96.24. Trading volume was about 55% below the daily average of around 8.2 million shares. The company had no specific news today.
Caterpillar Inc. (NYSE: CAT) traded down 0.63% at $88.21. The stock’s 52-week range is $78.19 to $111.46. Trading volume was about 40% below the daily average of around 5.5 million shares. The company had no specific news today.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 0.58% at $200.55. The stock’s 52-week range is $154.84 to $202.87. Trading volume was about 25% below the daily average of around 2.4 million shares. The company said today that oil prices are likely to head back down as the current rally loses steam.
Of the Dow 30 stocks 19 are set to close lower today and 11 are on track to close higher.
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