The 4 Stocks That Sank the DJIA on Friday

By Paul Ausick Updated Jan 13, 7:13AM EST · Published Jun 3, 4:01PM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The 4 Stocks That Sank the DJIA on Friday — © Thinkstock

June 3, 2016: Markets opened lower again Friday after a disappointing report on U.S. non-farm payrolls. Then the U.S. trade balance tacked on another deficit. The dollar tumbled and, later in the day after the rig count report came out, crude also fluttered lower. Friday’s worst performing sectors, though, were financials and consumer discretionaries. WTI crude oil for July delivery settled at $48.62 a barrel, down 1.1% for the day and off 1.4% for the week. August gold (now the most active contract) added 2.5% on the day to settle at $1,242.90. Gold posted a weekly gain of about 2.2%. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.15% for the day, the S&P 500 traded down 0.27%, and the Nasdaq Composite traded down 0.56%.

The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Goldman Sachs Group Inc. (NYSE: GS) which traded down 2.16% at $155.84. The stock’s 52-week range is $139.05 to $218.77. Trading volume was about 15% above the daily average of around 3.3 million. The investment bank had no specific news Friday.

Nike Inc. (NYSE: NKE) traded down 1.97% at $53.46. The stock’s 52-week range is $47.25 to $68.19. Volume was about 50% above the daily average of around 9.8 million shares. The sports gear maker had no specific news.

[nativounit]

JPMorgan Chase & Co. (NYSE: JPM) traded down 1.64% at $64.73. The stock’s 52-week range is $50.07 to $70.61. Trading volume was nearly 20% above the daily average of around 15 million shares. The big bank had no specific news today, but the weak jobs report has investors thinking that the Fed will not raise interest rates at its June meeting.

Microsoft Corp. (NASDAQ: MSFT) traded down 1.30% at $51.80. The stock’s 52-week range is $39.72 to $56.85. Volume was about 30% below the daily average of around 29 million shares.The company said yesterday that its Minecraft game has topped 100 million sales.

Of the Dow 30 stocks 15 are set to close lower Friday and 15 are on track to close higher.

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.