September 29, 2015: Markets opened mixed on Tuesday following declines in Asian markets overnight and mixed early action in Europe. Economic data was scarce today and did not sway U.S. markets much in either direction. Stocks have bounced around all day, while oil settled at $45.23 a barrel, up 1.8% and gold slipped 0.4% to settle at $1,126.80 per ounce. Equities were headed for a mixed close shortly before the closing bell as the DJIA traded up 0.17% for the day, the S&P 500 traded flat for the day, and the Nasdaq Composite traded down 0.64%.
In a departure from our routine, here are the four stocks that did the most to hold the DJIA gain to a minimum today.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded down 3.73% at $108.20. The stock’s 52-week range is $92.00 to $134.54. Trading volume was about equal to the daily average of around 59 million. The stock price drop could have been a reaction from investors to a host of new product announcements from Google.
Nike Inc. (NYSE: NKE) traded down 2.40% at $119.21. The stock’s 52-week range is $83.85 to $125.95. Trading volume was about 40% higher than the daily average of around 4 million. The athletic apparel company has reportedly declined to renew its contract with the University of Texas, opening the door to competitors believed to include Under Armour and adidas.
The Home Depot Inc. (NYSE: HD) traded down 1.52% at $112.36. The stock’s 52-week range is $86.35 to $123.80. Trading volume was slightly above the daily average of around 5.5 million. The company had no specific news today.
The Goldman Sachs Group Inc. (NYSE: GS) traded lower by 0.98% at $171.32. The stock’s 52-week range is $167.49 to $218.77, and the low was posted this morning. Trading volume was about 20% above the daily average of around 3 million. The company had no specific news today.
These four stocks combined comprise nearly 22% of the Dow 30 average.
Of the Dow 30 stocks 7 are set to close lower today and 23 are on track to close lower.
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