The 4 Stocks That Weighed on the DJIA Thursday

Investing

Published: October 29, 2015 4:01 pm

Last Updated: April 28, 2020 6:24 am

October 29, 2015: Markets opened lower on Thursday after a GDP report that was a bit softer than expected and a somewhat better-than-expected report on new jobless claims. Quarterly results from several companies were much lower than expected as well. Energy markets were stronger today, with WTI crude oil for December delivery settling at $46.06 a barrel, up 0.3% on the day. Gold settled at $1,147.30, down 2.5% for the day. Equities were headed for a mixed close shortly before the closing bell as the DJIA traded down 0.01% for the day, the S&P 500 traded up 0.05%, and the Nasdaq Composite traded down 0.33%.

The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was Pfizer Inc. (NYSE: PFE) which traded down 2.31% at $34.63. The stock’s 52-week range is $92.00 to $134.54. Volume is more than double the daily average of 27.2 million shares traded. The company is reportedly discussing a mega-merger with Allergan.

Intel Corp. (NASDAQ: INTC) traded down 1.93% at $34.04. The stock’s 52-week range is $24.87 to $37.90. Trading volume was about half the daily average of nearly 33 million. The company had no specific news today.

Microsoft Corp. (NASDAQ: MSFT) traded down 0.69% at $53.61. The stock’s 52-week range is $39.72 to $54.37. Trading volume was about 25% lower than the daily average of about 36 million. The company has launched a $13 billion seven-part high-grade bond deal.

The Goldman Sachs Group Inc. (NYSE: GS) traded down 0.38% at $190.60. The stock’s 52-week range is $167.46 to $218.77. Trading volume was about 30% below the daily average of around 3.2 million. The company to pay a $50 million fine to the state of New York for failing properly to supervise an employee who had been accused of stealing and sharing confidential materials from the state financial services regulator.

Of the Dow 30 stocks 17 are set to close lower today and 13 are on track to close higher.

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