U.S. markets fell Wednesday as investors weighed how the first government shutdown in 17 years would affect the economy. The Dow Jones Industrial Average declined 0.39 percent to close at 15,133.14, while the S&P 500 Index fell 0.07 percent to close at 1,693.87 "The market is trying to figure out how serious the situation in Washington is," said ING Investment Management’s Chief Investment Officer, Paul Zemsky. "Today’s worry is that it is more serious than we originally thought, which is putting pressure on the market." Additionally, Automatic Data Processing reported that the private sector added 159,000 jobs in August and 161,000 July, which were both below estimates. Here is how some S&P 500 companies reacted Wednesday:
Alcoa Inc. (NYSE: AA) shares traded in the range of $7.89 to $8.07 Wednesday before settling to close at $8.02, a decrease of 1.84 percent. The stock appears to be facing some resistance at the $8.06 and $8.15 levels with some support at $7.84. Shares of Alcoa have fallen approximately 7.5 percent in 2013.
More information on Alcoa and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AA
The Coca-Cola Company (NYSE: KO) shares traded in the range of $37.21 to $37.81 Wednesday before settling to close at $37.43, a decrease of 1.37 percent. The stock appears to be facing some resistance at the $37.91, $38.34 and $38.52 levels. Shares of the Coca-Cola Company have gained approximately 3.0 percent in 2013.
More information on The Coca-Cola Company and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KO
McDonald's Corporation (NYSE: MCD) shares traded in the range of $94.01 to $95.88 Wednesday before settling to close at $95.28, a decrease of 0.88 percent. The stock appears to be facing some resistance at the $96.65 and $97.93 levels with some support at $95.03. Shares of McDonald's have gained approximately 8.0 percent in 2013.
More information on McDonald's and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MCD
Target Corporation (NYSE: TGT) shares traded in the range of $63.20 to $63.72 Wednesday before settling to close at $63.65, a decrease of 0.41 percent. The stock appears to be facing some resistance at the $63.87 and $64.45 levels with some support at $63.20. Shares of Target have gained approximately 7.5 percent in 2013.
More information on Target and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TGT
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