July 23rd 2015 (DOW JONES Industrial Average)

Markets opened mixed on Thursday following a report that new claims for
unemployment benefits fell to their lowest level since 1973. Shortly before the
closing bell the DJIA traded down 0.72% for the day.
The DJIA stock posting the largest daily percentage loss ahead of the close
Thursday was 3M Company (NYSE: MMM) which traded lower by 3.92%% at $139.33.
The stocks 52-week range was $130.60 to $170.50. The companys earnings report
included a cut to the top end of its profit outlook and a forecast for slow global
growth.
Caterpillar Inc. (NYSE: CAT) traded down 3.80% at $76.73. The stocks 52-week
range is $76.65 to $109.73, and the low was posted today. Nearly 12 million shares
traded hands today, more than double the daily average of around 4.4 million. The
company reported weak results as sales of mining equipment faltered and the
global economic outlook for the rest of the year does not support ideas of growth.
American Express Co. (NYSE: AXP) traded down 2.68% at $76.88. The stocks 52week range is $75.75 to $94.89. Trading volume remained about 50% above the
daily average of around 34 million. The company reported weaker-than-expected
earnings after the close Wednesday.
General Electric Co. (NYSE: GE) traded down 1.48% at $26.24. The stocks 52-week
range is $23.41 to $28.68. Trading volume was about 40% below the daily average
of around 31.5 million. The company had no specific news today.
Of the Dow 30 stocks 26 are set to close lower today and 4 are on track to close
higher.
All these multiple factors together brought the price of the indices down.