August 7, 2015: Markets opened lower on Friday after the report on non-farm employment. Though the results were a little short of expectations, the June numbers were revised upward and traders and investors are gearing up for a Fed rate hike as early as September. Crude closed below $44 a barrel today and closed the week down about 6%. Gold settled up 0.4% for the day at $1,094.10, and down just 0.1% for the week. Shortly before the closing bell the DJIA traded down 0.35% for the day, the S&P 500 traded down 0.37%, and the Nasdaq Composite traded down 0.33%.
The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 2.04% at $71.31. The stock’s 52-week range is $70.36 to $90.97. Trading volume was was about 25% below the daily average of around 7.5 million. The company had no specific news today.
E.I. du Pont de Nemours (NYSE: DD) traded lower by 2.03%% at $53.36. The stock’s 52-week range is $52.79 to $76.59. Trading volume was about 35% below the daily average of around 6.3 million. The company had no specific news today.
Chevron Corp. (NYSE: CVX) traded down 1.84% at $83.62. The stock’s 52-week range is $82.89 to $129.53. Trading volume was about 30% below the daily average of around 7.7 million. Falling crude oil prices continue to take their toll on Chevron.
Exxon Mobil Corp. (NYSE: XOM) traded down 1.75% at $76.72. The stock’s 52-week range is $76.62 to $100.31. About 9.5 million shares traded hands today, around 20% fewer than the daily average of about 11.4 million. The comment about Chevron applies equally to Exxon.
Of the Dow 30 stocks 22 are set to close lower today and 8 are on track to close lower.
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.