The 4 Stocks That Held Down the DJIA on Friday

Investing

Published: August 7, 2015 4:09 pm

Last Updated: April 28, 2020 6:08 am

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August 7, 2015: Markets opened lower on Friday after the report on non-farm employment. Though the results were a little short of expectations, the June numbers were revised upward and traders and investors are gearing up for a Fed rate hike as early as September. Crude closed below $44 a barrel today and closed the week down about 6%. Gold settled up 0.4% for the day at $1,094.10, and down just 0.1% for the week. Shortly before the closing bell the DJIA traded down 0.35% for the day, the S&P 500 traded down 0.37%, and the Nasdaq Composite traded down 0.33%.

The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 2.04% at $71.31. The stock’s 52-week range is $70.36 to $90.97. Trading volume was was about 25% below the daily average of around 7.5 million. The company had no specific news today.

E.I. du Pont de Nemours (NYSE: DD) traded lower by 2.03%% at $53.36. The stock’s 52-week range is $52.79 to $76.59. Trading volume was about 35% below the daily average of around 6.3 million. The company had no specific news today.

Chevron Corp. (NYSE: CVX) traded down 1.84% at $83.62. The stock’s 52-week range is $82.89 to $129.53. Trading volume was about 30% below the daily average of around 7.7 million. Falling crude oil prices continue to take their toll on Chevron.

Exxon Mobil Corp. (NYSE: XOM) traded down 1.75% at $76.72. The stock’s 52-week range is $76.62 to $100.31. About 9.5 million shares traded hands today, around 20% fewer than the daily average of about 11.4 million. The comment about Chevron applies equally to Exxon.

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

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