A combination of disappointing earnings and a contraction in China’s manufacturing sector sent U.S. market sliding Thursday. The Dow Jones Industrial Average was down over 200 points before settling to close at 16,197.35, down 175.99 points or 1.07 percent for the day. The HSBC flash Purchasing Managers Index declined to 49.6 in January, down from 50.5 in December and the lowest reading since July. "This is the first time in many weeks that we've seen this kind of across-the-board volatility," said Adam Grimes, chief investment officer at Waverly Advisors. "There is a clear theme here, that the market doesn't like risk today."
Johnson Controls Inc. (NYSE: JCI) shares traded in the range of $48.38 to $50.75 Thursday before settling to close at $49.30, a decrease of 4.38 percent. The stock appears to be facing some resistance at the $49.95 and $51.03 levels with some support at $43.20. Shares of Johnson Controls have gained approximately 58.0 percent in the past year.
More information on Johnson Controls and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JCI
KeyCorp (NYSE: KEY) shares traded in the range of $13.39 to $14.00 Thursday before settling to close at $13.68, a decrease of 3.25 percent. The stock appears to be facing some resistance at the $13.75 and $13.97 levels with some support at $13.53. Shares of KeyCorp have gained approximately 47.0 percent in the past year.
More information on KeyCorp and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KEY
Nokia Corporation (NYSE: NOK) shares traded in the range of $6.88 to $7.25 Thursday before settling to close at $7.03, a decrease of 8.70 percent. The stock appears to be facing some resistance at the $7.61 and $8.11 levels with some support at $6.65. Shares of Nokia have gained approximately 58.0 percent in the past year.
More information on Nokia and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NOK
United Continental Holdings Inc. (NYSE: UAL) shares traded in the range of $47.00 to $48.74 Thursday before settling to close at $48.43, a decrease of 1.53 percent. The stock appears to have some support at $47.63, $43.77 and $39.94. Shares of United Continental Holdings have gained approximately 95.0 percent in the past year.
More information on United Continental Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UAL
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