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.
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.
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.
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.
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