Shares of Emerson Electric Co. EMR, 2.70% shed 0.87% to $77.79 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, 1.39% rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA, 1.07% rising 0.64% to 30,677.36. This was the stock’s second consecutive day of losses. Emerson Electric Co. closed $28.20 short of its 52-week high ($105.99), which the company reached on September 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as General Electric Co. GE, 1.48% fell 0.73% to $64.07, Honeywell International Inc. HON, 1.22% fell 1.78% to $174.57, and Parker Hannifin Corp. PH, 1.68% fell 1.60% to $239.96. Trading volume (4.6 M) eclipsed its 50-day average volume of 3.1 M.