Goldman Sachs, JPMorgan Sink DJIA Tuesday

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By Paul Ausick Updated Published
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Goldman Sachs, JPMorgan Sink DJIA Tuesday

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[cnxvideo id=”655408″ placement=”ros”]March 21, 2017: Markets opened higher Tuesday but the retreat started early and continued for the rest of the day. Energy prices and concern over the fate of the healthcare bill under consideration in the U.S. House may have given traders pause. Only the utilities sector traded in the green, while financials and industrials were the day’s laggards. WTI crude oil for April delivery settled at $47.34 a barrel, down 1.8% on the day as the April contract expired. April gold added 1% on the day to settle at $1,246.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down 1.13% for the day, the S&P 500 traded down 1.25%, and the Nasdaq Composite traded down 1.77%.

The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) traded down 3.79% at $232.97. The stock’s 52-week range is $138.20 to $255.15. Volume was about 25% above the daily average of around 3.5 million shares. The company had no specific news Tuesday.

Caterpillar Inc. (NYSE: CAT) which traded down 3.15% at $92.40. The stock’s 52-week range is $69.04 to $99.46. Volume was about equal to the daily average of around 5 million shares. The company had no specific news.

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JPMorgan Chase & Co. (NYSE: JPM) traded down 3.12% at $87.22. The stock’s 52-week range is $57.05 to $93.98. Volume was about 65% above the daily average of around 15 million. The big bank had no specific news.

The Boeing Co. (NYSE: BA) traded down 1.91% at $175.97. The stock’s 52-week range is $122.35 to $185.71. Volume was about 20% below the daily average of around 3.5 million shares. The company received an order valued at $1.43 billion from a Chinese lessor.

Of the Dow 30 stocks, 5 are on track to close higher Tuesday and 25 are set to close lower.

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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.

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