Investing
Goldman Sachs, Johnson & Johnson Sink the DJIA Tuesday
Published:
Last Updated:
April 18, 2017: Markets opened lower Tuesday after disappointing quarterly results from some big names. An announced snap election in Britain and the coming French elections also got tossed into the mix. Healthcare and financial stocks performed worst today with the counter-cyclicals performing best. WTI crude oil for May delivery settled at $52.41 a barrel, down 0.5% on the day. June gold added 0.2% on the day to settle at $1,294.10. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.45% for the day, the S&P 500 traded down 0.19%, and the Nasdaq Composite traded down 0.04%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) which traded down 4.64% at $215.77. The stock’s 52-week range is $138.20 to $255.15. Volume was about 3 times the daily average of around 3.8 million shares. The company missed estimates this morning.
Johnson & Johnson (NYSE: JNJ) traded down 2.99% at $121.96. The stock’s 52-week range is $109.32 to $129.00. Volume was about 70% above the daily average of around 73 million shares. Another disappointing quarterly report.
American Express Co. (NYSE: AXP) traded down 1.10% at $75.83. The stock’s 52-week range is $57.15 to $82.00. Volume was about 30% below the daily average of around 4 million shares. The credit card company is set to report results Wednesday.
The Travelers Companies Inc. (NYSE: TRV) traded down 0.98% at $120.73. The stock’s 52-week range is $103.45 to $125.49. Volume was about 35% below the daily average of around 1.4 million. The company had no specific news Tuesday.
Of the Dow stocks, 13 are on track to close higher Tuesday and 17 are set to close lower. The three financial stocks at the bottom of the DJIA account for slightly more than 15% of index’s total value.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
