The 4 Stocks That Tanked the DJIA on Wednesday

Investing

Published: October 14, 2015 4:01 pm

Last Updated: April 28, 2020 6:21 am

October 14, 2015: Markets opened mixed on Wednesday after the producer price index dropped more than expected, retail sales did not rise as much as expected, and business inventories were flat. The Fed’s Beige Book was released this afternoon and did not stop the slide in equity prices. Crude oil settled at $46.64, down 2 cents for the day and gold settled higher, up 1.2% at $1,179.80. Equities were headed for a lower close shortly before the closing bell as the DJIA traded down 0.89% for the day, the S&P 500 traded down 0.45%, and the Nasdaq Composite traded down 0.25%.

The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 9.85% at $60.15. The stock’s 52-week range is $60.04 to $90.97, and the low was set today. Trading volume was about 9 times the daily average of around 8.6 million. The company warned on earnings today, sending the DJIA and several ETFs into a tailspin.

The Boeing Co. (NYSE: BA) traded down 4.36% at $134.17. The stock’s 52-week range is $115.14 to $158.83. Trading volume was about 80% above the daily average of around 3.8 million. Investors appear to be reacting to a report that Delta Air Lines is looking to buy used, rather than new, airplanes.

JPMorgan Chase & Co. (NYSE: JPM) traded down 2.65% at $59.92. The stock’s 52-week range is $50.07 to $70.61. Trading volume was more about 50% above the daily average of around 16 million. The big bank reported weak earnings after markets closed on Tuesday.

United Technologies Corp. (NYSE: UTX) traded lower by 2.33% at $92.08. The stock’s 52-week range is $85.50 to $124.45. Trading volume was about 20% below the daily average of around 5.8 million. The company announced its dividend today, but otherwise had no specific news.

Of the Dow 30 stocks 19 are set to close lower today and 11 are on track to close higher.

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