Of the Dow 30 stocks 25 are set to close lower today and 5 are on track to close higher. Markets opened lower on Monday following a drop of 8.5% at the Shanghai exchange after the IMF raised the issue of the degree of government intervention with the country’s equity markets.
The 4 Stocks That Sank the DJIA on Monday:
The Boeing Co. (NYSE: BA) which traded lower by 2.20%% at $140.89. The stock’s 52-week range is 114.20 - 157.82. Trading volume was about 30% below the daily average. The company had no specific news today, but short interest rose 13% in the after-hours report posted last Friday.
Chevron Corp. (NYSE: CVX) traded down 1.89% at $88.89. The stock’s 52-week range is $88.75 to $133.80, and the low was posted today. Nearly 8 million shares traded hands today, about 15% above the daily average. The company’s stock is reacting to the drop in crude prices again today.
American Express Co. (NYSE: AXP) traded down 1.45% at $74.80. The stock’s 52-week range is $74.30 to $94.89, and the low was set today. Trading volume was was about 35% above the daily average. The company had no specific news today, but is still feeling the effects of a weak earnings report last week.
Apple Inc. (NASDAQ: AAPL) traded down 1.53% at $122.59. The stock’s 52-week range is $93.28 to $134.54. Trading volume was about 25% below the daily average of around 49 million. The company’s Apple Watch will be sold in some Best Buy stores beginning next month.
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