The 4 Stocks That Weighed on the Dow Tuesday

Investing

Published: August 4, 2015 4:01 pm

Last Updated: April 28, 2020 6:25 am

August 4, 2015: Markets opened slightly higher again on Tuesday absent any upbeat U.S. economic data. Apple stock is dragging down the tech sector, and that kept the indexes trading near their flat line for the day. Crude oil and gold settled (a little) higher today. Shortly before the closing bell the DJIA traded down 0.31% for the day, the S&P 500 traded down 0.27%, and the Nasdaq Composite traded down 0.24%.

The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded down 2.90% at $115.01. The stock’s 52-week range is $93.28 to $134.54. Trading volume was was about three times the daily average of around 45 million. Concerns over the company’s growth prospects have weighed on the stock for the past two sessions. The stock also broke through a technical trading floor and that hasn’t helped.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 1.32% at $54.56. The stock’s 52-week range is $52.79 to $76.593. About 3.7 million shares traded hands today, around 45% below the daily average of about 6.2 million. The company had no specific news today.

Exxon Mobil Corp. (NYSE: XOM) traded lower by 1.18%% at $77.14. The stock’s 52-week range is $77.01 to $100.31, and the low was posted today. Trading volume was about 30% above the daily average of around 11 million. The company had no specific news today, but weak oil prices only increased about 1.2% on the day, keeping crude below $46 a barrel..

Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.16% at $28.03. The stock’s 52-week range is $22.49 to $30.31. Trading volume was about 35% below the daily average of around 24 million. The company got smacked with a rating of Underperform and a price target of $26 by analysts at Macquarie who initiated coverage on Cisco today.

Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close higher.

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