The 4 Stocks That Weighed on the DJIA Wednesday

Investing

Published: July 15, 2015 4:01 pm

Last Updated: April 28, 2020 6:24 am

July 15, 2015: Markets opened essentially flat on Wednesday after Fed Chairwoman Janet Yellen’s scheduled remarks to the U.S. House of Representatives were released. Economic data was better than expected, but crude oil prices fell about 3% today after the inventory report and as traders evaluated the impact of the Iran nuclear development program deal. The day ended essentially the way it began, with little overall movement one way or the other. Shortly before the closing bell the DJIA traded down 0.13% for the day, the S&P 500 traded down 0.16%, and the Nasdaq Composite traded down 0.20%.

The DJIA stock posting the largest daily percentage dip ahead of the close Wednesday was Chevron Corp. (NYSE: CVX) which traded lower by 1.37%% at $94.25. The stock’s 52-week range is $93.26 to $135.10. Trading volume was about 25% below the daily average of around 6.8 million. The big oil company had no specific news today, but falling oil prices weighed on many producers’ stocks today.

E.I. du Pont de Nemours and Co. (NYSE: DD) traded down 0.87% at $58.91. The stock’s 52-week range is $57.87 to $76.59. Trading volume was near 4 million shares, about 33% below the daily average of around 6.3 million. The spun-off Chemours Co. (NYSE: CC) has lost 40% of its value in its first several weeks of trading and analysts at UBS expect the company to pay just half its expected dividend.

American Express Co. (NYSE: AXP) traded down 0.63% at $78.47. The stock’s 52-week range is $75.75 to $95.09. Around 3 million shares traded hands today, about 50% lower than the daily average of around 2 million. The company had no specific news today.

The Boeing Co. (NYSE: BA) traded down 0.61% at $146.79. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 30% below the daily average of around 3.6 million. The company will see an order cut from Delta following the contract rejection by Delta pilots and analysts are weighing the impact on deliveries of an explosion and fire at one of the company’s main suppliers, Zodiac Aerospace, makers of cabin interior components.

Of the Dow 30 stocks 18 are set to close lower today and 12 are on track to close higher.

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