March 12, 2014: Markets opened lower on Wednesday following a so-so trading day in Europe. Crude oil pulled back 2% after the EIA's inventory report indicated a larger inventory gain than expected. In the final minutes of trading the DJIA was down 0.19%, the S&P 500 was down 0.09%, and the Nasdaq Composite was up 0.23%.
Today's big loser among the Dow stocks was The Home Depot Inc. (NYSE: HD). The company's CEO is begging for Spring weather in what is typically the home improvement center's biggest selling season of the year. The company's shares traded down 1.01% at $80.47 in a 52-week range of $68.42 to $83.20 just ahead of the closing bell. Volume is on track to be slightly below the daily average of some 6.7 million shares traded.
The most heavily traded and wildly swinging Nasdaq stock today is Geron Corp. (NASDAQ: GERN). Shares are down 61.70% at $1.69 in a 52-week range of $0.98 to $7.79. The company has been ordered to put a hold on an investigational new drug application. Geron's share volume was more than 11-times the daily average of around 4.5 million shares traded.
Among actively traded stocks on the NYSE today, Herbalife Ltd. (NYSE: HLF) is getting something of a beating, down 7.65%. The stock was halted this afternoon before the company announced that it had received an investigation letter from the FTC. The stock will close at around $60.53 in a 52-week range of $34.72 to $83.51. Volume was more than 4-times the daily average of around around 3.5 million shares traded.
After falling nearly 1.2% yesterday after announcing that production would be falling and capex spending would be lower, Chevron Corp. (NYSE: CVX) trades up 0.96% today at $115.61 in its 52-week range of $109.27 to $127.83 shortly before the closing bell. Trading volume for Chevron's shares was about 12% below the daily average of around 6.5 million shares.
Of the Dow 30 stocks 15 are set to close higher today while 15 are on their way to a lower close.
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