The 4 Stocks That Weighed on the DJIA Monday

Investing

Published: September 14, 2015 4:01 pm

Last Updated: April 28, 2020 6:24 am

September 14, 2015: Markets opened marginally higher on Monday but that did not last long. The tech sector got a little boost from Apple which reported new iPhone pre-orders were higher on their first weekend. Weaker production numbers and fixed asset investments weighed on the Shanghai exchange, and the report also dragged down the Nikkei. Crude oil settled at $44 a barrel, down 1.4% and gold settled higher, up 0.4% for the day. Shortly before the closing bell the DJIA traded down 0.51% for the day, the S&P 500 traded down 0.55%, and the Nasdaq Composite traded down 0.46%.

The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Visa Inc. (NYSE: V) which traded down 1.25% at $69.88. The stock’s 52-week range is $48.80 to $76.92. Trading volume was about 40% below the daily average of around 8 million. The credit card issuer also had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded lower by 1.15% at $25.72. The stock’s 52-week range is $22.49 to $30.31. Trading volume was about half the daily average of around 27 million. The company had no specific news today.

International Business Machines Corp. (NYSE: IBM) which traded down 1.14% at $145.69. The stock’s 52-week range is $140.62 to $195.00. Trading volume was about 60% below the daily average of around 4.2 million. Janney Capital Markets maintained its Neutral rating on the stock and its $160 price target.

Microsoft Corp. (NASDAQ: MSFT) traded down 1.08% at $43.01. The stock’s 52-week range is $39.72 to $50.05. About 17 million shares traded hands today, roughly half the daily average of about 34 million. Reports that the company may be a buyer of AMD were put to rest by an analyst from Citi.

Of the Dow 30 stocks 26 are set to close lower today and 4 are on track to close higher.

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