July 27, 2015: Markets opened lower on Monday following a drop of 8.5% at the Shanghai exchange after the IMF raised the issue of the degree of government intervention with the country’s equity markets. Crude oil settled down about 1.6% at $47.39 after hitting a new 52-week low of $47.20 earlier in the day. Gold added 0.8% to settle at $1,094.80. Shortly before the closing bell the DJIA traded down 0.84% for the day, the S&P 500 traded down 0.70%, and the Nasdaq Composite traded down 1.04%.

The DJIA stock posting the largest daily percentage loss ahead of the close Monday was The Boeing Co. (NYSE: BA) which traded lower by 2.20%% at $140.89. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 30% below the daily average of around 3.5 million. The company had no specific news today, but short interest rose 13% in the after-hours report posted last Friday.

Chevron Corp. (NYSE: CVX) traded down 1.89% at $88.89. The stock’s 52-week range is $88.75 to $133.80, and the low was posted today. Nearly 8 million shares traded hands today, about 15% above the daily average of around 7 million. The company’s stock is reacting to the drop in crude prices again today.

Apple Inc. (NASDAQ: AAPL) traded down 1.53% at $122.59. The stock’s 52-week range is $93.28 to $134.54. Trading volume was about 25% below the daily average of around 49 million. The company’s Apple Watch will be sold in some Best Buy stores beginning next month.

American Express Co. (NYSE: AXP) traded down 1.45% at $74.80. The stock’s 52-week range is $74.30 to $94.89, and the low was set today. Trading volume was was about 35% above the daily average of around 5.6 million. The company had no specific news today, but is still feeling the effects of a weak earnings report last week.

Of the Dow 30 stocks 25 are set to close lower today and 5 are on track to close higher.

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