The 4 Stocks That Sank the Dow on Friday

Investing

Published: June 19, 2015 4:01 pm

Last Updated: April 28, 2020 6:18 am

June 19, 2015: Markets opened mixed on Friday with biotechs boosting the Nasdaq Composite to the upside at the bell. That did not last long, however, and all three major indexes sank lower all day long. There’s been no settlement between Greece and its creditors, and crude prices fell as the dollar added a bit of strength today. Shortly before the closing bell the DJIA traded down 0.34% for the day, the S&P 500 traded down 0.36%, and the Nasdaq Composite traded down 0.18%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Travelers Companies Inc. (NYSE: TRV) which traded down 1.79% at $99.65. The stock’s 52-week range is $88.81 to $110.49. Trading volume totaled about 2.1 million shares, slightly above the daily average of around 2 million. The company had no specific news today, but was among yesterday’s top gainers.

Microsoft Corp. (NASDAQ: MSFT) traded down 1.19% at $46.17. The stock’s 52-week range is $40.12 to $50.05. Trading volume totaled about 29.5 million shares, below the daily average of more than 34.8 million. The company had no specific news today, but shares were up nearly 2% over the previous 4 trading days.

Visa Inc. (NYSE: V) traded lower by 1.04%% at $68.78. The stock’s 52-week range is $48.80 to $70.69. Trading volume was about 15% below the daily average of around 7.5 million. Card issuing competitor American Express has lifted a restriction on merchants that promises more competition among the large card issuers.

JPMorgan Chase & Co. (NYSE: JPM) traded down 0.86% at $68.19. The stock’s 52-week range is $54.26 to $68.82. About 14 million shares traded hands today, below the daily average of around 14.5 million. The company shuffled the managers of its prime brokerage business today.

Of the Dow 30 stocks 28 are set to close lower today and just 2 are on track to close higher.

ALSO READ: The Best and Worst States to Be Unemployed

In 20 Years, I Haven’t Seen A Cash Back Card This Good

After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.

A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.

Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.