January 8, 2016: Markets opened higher on Friday following an unexpectedly large boost to the non-farm payroll numbers and a stronger Chinese yuan. By noon, though, the indexes had tumbled into the red, managing to bounce out by mid-afternoon before turning south again. Energy stocks and crude oil prices seem to be leading the bouncing market today. WTI crude oil for February delivery traded down about 0.3% today to settle at $33.16, the lowest closing price in more than 11 years and down 10% for the week. Gold for February delivery traded lower by 0.9% to settle at $1,097.90 for the day, and up 3.6% for the week. Equities were headed for a lower close shortly before the closing bell as the DJIA traded down 0.90% for the day, the S&P 500 traded down 0.96%, and the Nasdaq Composite traded down 0.79%.
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was Cisco Systems Inc. (NASDAQ: CSCO) which traded down 2.26% at $24.83. The stock’s 52-week range is $23.03 to $30.31. Trading volume was about 10% lower than the daily average of around 26 million. The networking company had no specific news today.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 2.01% at $63.72. The stock’s 52-week range is $56.30 to $90.97. Trading volume was about 15% higher than the daily average of about 13 million. The company had no specific news today.
The Boeing Co. (NYSE: BA) traded down 1.78% at $130.64. The stock’s 52-week range is $115.14 to $158.83. Volume was about 25% above the daily average of around 3.6 million shares traded. Shares opened higher today, but selling prevailed from the mid-morning on. The company had no specific news today.
Nike Inc. (NYSE: NKE) traded down 1.42% at $59.00. The stock’s 52-week range is $45.35 to $68.19. Trading volume was about equal to the daily average of around 9.1 million. The company may have bumped into a technical ceiling early this morning. Nike also had no specific news today.
Of the Dow 30 stocks 27 are set to close lower today and 3 are on track to close higher.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
