The 4 Stocks That Tanked the Dow on Tuesday

Investing

Published: July 21, 2015 4:01 pm

Last Updated: April 28, 2020 6:21 am

July 21, 2015: Markets opened lower on Tuesday following earnings reports from IBM and United Technologies, both DJIA components. Crude oil has been trading higher most of the day as the dollar weakened. Gold, however, could not hold onto early gains and turned in its 9th consecutive lower daily close. Shortly before the closing bell the DJIA traded down 1.01% for the day, the S&P 500 traded down 0.42%, and the Nasdaq Composite traded down 0.17%.

The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was United Technologies Corp. (NYSE: UTX) which traded lower by 7.08%% at $102.66. The stock’s 52-week range is $97.30 to $124.45. Trading volume was more than 5-times the daily average of around 3.5 million. The company posted weak earnings this morning and cut its profit forecast for the year.

International Business Machines Corp. (NYSE: IBM) traded down 6.14% at $162.59. The stock’s 52-week range is $149.52 to $196.40. Trading volume was was about 25% below the daily average of around 4.3 million. The company reported weaker-than-expected earnings after the close on Monday.

UnitedHealth Group Inc. (NYSE: UNH) traded down 1.35% at $121.05. The stock’s 52-week range is $78.74 to $126.05. Trading volume remained about 35% below the daily average of around 34 million. The company had no specific news today.

The Boeing Co. (NYSE: BA) traded down 0.89% at $145.42. The stock’s 52-week range is $116.32 to $158.83. More than 3 million shares traded hands today, about 20% below the daily average of around 3.6 million. Bloomberg reported this morning that the company’s contract to build the new Air Force refueling tanker faces a delay of as much as eight months.

Of the Dow 30 stocks 23 are set to close lower today and 7 are on track to close higher.

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