The market posted its largest declined in 2013 Thursday after the Federal Reserve announced plans to begin curbing stimulus measures. The Dow Jones Industrial Average declined 2.3 percent to close at 14758.32, while S&P 500 Index declined 2.5 percent to close at 1588.19. Fed Chairman Ben Bernanke has stated that the government would slow down bond purchases later this year and end them all together the end of 2014 if the economy continues to improve.
The Clorox Co. (NYSE: CLX) shares traded in the range of $81.12 to $83.95 Thursday before settling to close at $81.69, a decrease of 2.88 percent. The stock appears to be some facing resistance at $56.39 with some support at $55.82. Shares of Clorox have gained approximately 8.4 percent in 2013.
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General Electric Company (NYSE: GE) shares traded in the range of $23.20 to $23.69 Thursday before settling to close at $23.25, a decrease of 2.27 percent. The stock appears to be some facing resistance at the $23.27 and $23.66 levels. Shares of General Electric have gained approximately 10.8 percent in 2013.
More information on General Electric and access to the free equity report can be found at:
The Coca-Cola Company (NYSE: KO) shares traded in the range of $38.97 to $40.35 Thursday before settling to close at $39.13, a decrease of 3.17 percent. The stock appears to be facing some resistance at the $39.28 and $40.02 levels. Shares of The Coca-Cola Company have gained approximately 7.95 percent in 2013
More information on The Coca-Cola Company and access to the free equity report can be found at:
3M Co. (NYSE: MMM) shares traded in the range of $108.52 to $110.76 Thursday before settling to close at $108.78, a decrease of 2.50 percent. The stock appears to be facing resistance at $110.35 with some support at $108.32. Shares of 3M have gained approximately 17.2 percent in 2013.
More information on 3M and access to the free equity report can be found at:
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