The 4 Stocks That Weighed on The DJIA Thursday

Investing

Published: May 28, 2015 4:01 pm

Last Updated: April 28, 2020 6:24 am

May 28, 2015: Markets opened lower on Thursday after worrisome news on higher margin requirements from brokers on Chinese exchanges and a comment from IMF president Christine Lagarde acknowledged that Greece may indeed exit the eurozone. Crude oil closed 17 cents higher today following a turnaround in the final minutes of trading Shortly before the closing bell the DJIA traded down 0.26% for the day, the S&P 500 traded down 0.17%, and the Nasdaq Composite traded down 0.23%.

The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was Caterpillar Inc. (NYSE: CAT) which traded down 2.27% at $85.92. The stock’s 52-week range is $78.19 to $111.46. Trading volume totaled around 4.4 million shares, well below the daily average of around 5.4 million. The company had no specific news today.

McDonald’s Corp. (NYSE: MCD) traded down 1.27% at $96.57. The stock’s 52-week range is $87.62 to $102.62. Trading volume totaled more than 8 million shares, about 20% above the daily average of around 6.8 million. The company has been a sponsor of world soccer organization FIFA since 1994 and has already shelled out around $19 million in 2015. On top of that the company said yesterday it will no longer report monthly sales figures.

The Boeing Co. (NYSE: BA) traded lower by 0.50% at $142.28. The stock’s 52-week range is $116.32 to $1158.83. Trading volume reached about 2.5 million, well below the daily average of around 3.9 million. Rival Airbus may boost production of its A320 single-aisle plane to 60 planes a month early in 2017.

Wal-Mart Stores Inc. (NYSE: WMT) traded down 0.39% at $74.90. The stock’s 52-week range is $72.61 to $90.97. About 3.6 million shares traded hands today, well below the daily average of around 7 million. Amazon trumped Wal-Mart’s $50 annual delivery service by offering same-day service as a bonus to its $99-per-year Prime subscribers..

Of the Dow 30 stocks 14 are set to close lower today and 16 are on track to close higher.

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