August 28, 2015: Markets opened lower on Friday, and except for a brief visit above the break-even line, the blue chips traded lower all day. Crude oil settled at $45.22, up more than 6% on the day and on top of a 10% gain Thursday. Crude’s one-week jump of nearly 12% is the biggest one-week positive move in more than six years. Gold settled up 1% at $1,134.00, but slipped 2.2% for the week. Shortly before the closing bell the DJIA traded down 0.45% for the day, the S&P 500 traded down 0.34%, and the Nasdaq Composite traded down 0.14%.
The DJIA stock posting the largest daily percentage drop ahead of the close Friday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 2.19% at $64.64. The stock’s 52-week range is $61.50 to $90.97. About 11 million shares traded hands today, nearly 25% more than the daily average of about 8 million. The company had no specific news today.
Pfizer Inc. (NYSE: PFE) traded lower by 2.17%% at $32.54. The stock’s 52-week range is $27.51 to $36.46. Trading volume was about equal to the daily average of around 23.8 million. The company was listed by Credit Suisse today as one of 8 stocks with significant upside.
Johnson & Johnson (NYSE: JNJ) traded down 1.63% at $94.65. The stock’s 52-week range is $81.79 to $109.49. Trading volume was about 20% below the daily average of about 8 million. The company had no specific news today.
The Travelers Companies Inc. (NYSE: TRV) traded down 1.39% at $99.99. The stock’s 52-week range is $90.83 to $110.49. Trading volume was about 35% below the daily average of around 2 million. The company had no specific news today.Of the Dow 30 stocks 24 are set to close lower today and 6 are on track to close higher.
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