October 29, 2014: Markets opened mixed on Wednesday with the blue chips higher and the tech-heavy Nasdaq composite lower. The Nasdaq traded lower all day and the other two indexes dropped below the break-even line at around noon. The FOMC announcement yielded a short bounce before the indexes turned south again. Shortly before the closing bell the DJIA traded down 0.11% for the day, the S&P 500 traded down 0.06%, and the Nasdaq Composite traded down 0.27%.
Source: thinkstock
The Dow 30 stock posting the largest daily gain ahead of the close today was E. I. du Pont de Nemours and Co. (NYSE: DD) which traded lower by 1.41% at $67.00. The stock’s 52-week range is $59.35 to $72.92. Volume was nearly double the daily average of around 4.8 million shares. The company said it will sell some of its crop-protection and land-management assets to Bayer AG.
General Electric Co. (NYSE: GE) traded down 1.00% at $25.62. The stock’s 52-week range is $23.69 to $28.09. Trading volume was about 25% below the daily average of around 29 million shares. The company had no specific news today.
Caterpillar Inc. (NYSE: CAT) traded lower by 0.80% at $100.35. The stock’s 52-week range is $81.87 to $111.46. Volume was about 25% below the daily average of around 5.2 million shares. Like GE, the company had no specific news today.
Visa Inc. (NYSE: V) traded down 0.80% at $214.98. The stock’s 52-week range is $194.26 to $235.50. Visa reports third quarter results after markets close today. Volume was about 5% above the daily average of around 5.2 million shares.
Of the Dow 30 stocks 14 are set to close lower today and 16 are on track to close higher.
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