U.S. markets continued to fall this week as last week’s weaker-than-expected jobs report has raised concerns regarding the nation’s current economic outlook. "The market's extremely jittery right now. There's broad-based expectation for a little bit of a pullback," said David Seaburg, Cowen & Company head of sales & trading. The Dow Jones Industrial Average fell 1.09 percent, its largest drop one-day drop in nearly three months, while the S&P 500 Index fell 1.26 percent, its largest drop since November 7th. Here is how some Blue Chips reacted Monday:
The Boeing Company (NYSE: BA) shares traded in the range of $140.38 to $142.14 Monday before settling to close at $140.70, a decrease of 0.85 percent. The stock appears to be facing some resistance at $146.69 with some support at the $140.58 and $138.40 levels. Shares of Boeing have gained approximately 85.0 percent in the past year.
More information on Boeing and access to the free equity report can be found at: www.WallStreetFundamentals.com/BA
The Walt Disney Company (NYSE: DIS) shares traded in the range of $73.04 to $75.13 Monday before settling to close at $73.27, a decrease of 2.81 percent. The stock appears to be facing some resistance at the $73.90 and $74.78 levels with some support at $72.88. Shares of The Walt Disney Company have gained approximately 45.0 percent in the past year.
More information on The Walt Disney Company and access to the free equity report can be found at: www.WallStreetFundamentals.com/DIS
The Home Depot, Inc. (NYSE: HD) shares traded in the range of $80.96 to $82.13 Monday before settling to close at $80.97, a decrease of 1.27 percent. The stock appears to be facing some resistance at the $81.60 and $82.28 levels with some support at $80.87. Shares of Home Depot have gained approximately 25.0 percent in the past year.
More information on Home Depot and access to the free equity report can be found at: www.WallStreetFundamentals.com/HD
Yahoo! Inc. (NASDAQ: YHOO) shares traded in the range of $39.80 to $41.22 Monday before settling to close at $39.99, a decrease of 3.01 percent. The stock appears to be facing some resistance at the $40.60 and $43.33 levels with some support at $39.49. Shares of Yahoo! have gained approximately 105.0 percent in the past year.
More information on Yahoo! and access to the free equity report can be found at: www.WallStreetFundamentals.com/YHOO
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