The 4 Stocks That Tanked the DJIA on Wednesday

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Quotes
Thinkstock
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.

ALSO READ: The Best (and Worst) Countries to Grow Old

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618