Worst Performing Dow Component: Chevron

cvx New York, March 29th (TradersHuddle.com) - The Dow Jones Industrial Average is higher trading at 14578.5, which represents 0.36% versus its previous trading session close, with only five of its components trading in negative territory.

IBM (NYSE:IBM) is the Dow's top performer this morning with the stock trading at $213.3 representing 1.14% versus the previous trading session. Shares of IBM, the IT solutions and consulting services provider have defined support at $184.78 and resistance at $215.90.

Hewlett Packard (NYSE:HPQ) is also among the top performers early in the session, trading at $23.84 representing 1.1% from its previous close. Hewlett Packard, the maker of printers and personal computers has calculated support and resistance levels at $16.03 and $23.58 respectively. The other top performer this morning is United Health (NYSE:UNH), which is trading at $57.21 representing 1.04% from the previous trading session.

The Dow's worst performers include Chevron (NYSE:CVX) that is trading at $118.82 or -1.14% from the previous close. Shares of Chevron, the second largest U.S. energy producer have defined support at $100.66 and resistance at $120.26. Also among the worst performers we have JP Morgan (NYSE:JPM), which is trading at $47.46 representing -0.65% from the previous session.

Benchmark crude for December delivery is also trading higher at $85.45 a barrel on the New York Mercantile Exchange higher by $0 from the previous trading session.

The Dow is outperforming the NASDAQ composite, but lagging the S&P 500. The S&P 500 is currently trading at 1569.19, which represents 0.41% from previous close, the Nasdaq on the other hand is trading at 3267.52 that represents 0% from previous session.

Technical Scans

Stock Market

o Dow Jones 16,086.14 ▼288.62 (-1.76%)
o S&P 500 1,919.67 ▼31.46 (-1.61%)
o NASDAQ 4,680.35 ▼53.15 (-1.12%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,086.14 Trade time:12:33PM EDT Value change:▼288.62 (-1.76%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,919.67 Trade time:12:33PM EDT Value change:▼31.46 (-1.61%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,680.35 Trade time:12:33PM EDT Value change:▼53.15 (-1.12%)

In The Wires

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