Worst Performing Dow Component: McDonald's

Published on Friday, 28 September 2012 12:35 Written by Danny Miller

New York, September 28th (TradersHuddle.com) - The Dow Jones Industrial Average is lower trading at 13439.3, which represents -0.35% versus its previous trading session close, with only four of its components trading in the green.

Cisco (NASDAQ:CSCO) is the Dow's top performer this morning with the stock trading at $19.25 representing 2.42% versus the previous trading session. Shares of Cisco, the networking giant have defined support at $18.35 and resistance at $19.75.

American Express (NYSE:AXP) is also among the top performers early in the session, trading at $56.87 representing 0.53% from its previous close. American Express, the credit card issuer and travel services company has calculated support and resistance levels at $55.37 and $59.07 respectively. The other top performer this morning is IBM (NYSE:IBM), which is trading at $206.85 representing 0.46% from the previous trading session.

The Dow's worst performers include McDonald's (NYSE:MCD) that is trading at $90.97 or -2.47% from the previous close. Shares of McDonald's, the largest restaurant chain in the world have defined support at $87.62 and resistance at $90.76. Also among the worst performers we have Intel (NASDAQ:INTC), which is trading at $22.74 representing -1.49% from the previous session.

Benchmark crude for August delivery is also trading lower at $92.66 a barrel on the New York Mercantile Exchange lower by $0 from the previous trading session.

The Dow is under performing the S&P 500, but is pretty much equal with the NASDAQ composite. The S&P 500 is currently trading at 1441.72, which represents -0.38% from previous close, the Nasdaq on the other hand is trading at 3125.1 that represents -0.37% from previous session.