February 10, 2016: Markets opened higher on Wednesday after Fed chair Janet Yellen released her prepared testimony for today’s appearance before Congress. She cited tighter global financial conditions, ut reaffirmed that the Fed would make gradual adjustments in the central bank’s policy rate.. WTI crude oil for March settled at $27.45, down 1.9% today. April gold slipped 0.3% to settle at $1,194.60 for the day. Equities were headed for a mixed close shortly before the closing bell as the DJIA traded down 0.60% for the day, the S&P 500 traded up 0.03%, and the Nasdaq Composite traded up 0.41%.
The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was The Walt Disney Company (NYSE: DIS) which traded down 3.73% at $88.88. The stock’s 52-week range is $86.25 to $122.08. Volume was about 3 times the daily average of around 10 million shares. The media giant reported weak results after markets closed last night.
International Business Machines Corp. (NYSE: IBM) traded down 3.14% at $120.14. The stock’s 52-week range is $118.00 to $176.30. Trading volume was about equal to the daily average of around 5.1 million. The company had no specific news today.
Caterpillar Inc. (NYSE: CAT) traded down 2.74% at $62.18. The stock’s 52-week range is $56.36 to $89.62. Trading volume was about 40% below the daily average of around 7 million. The tech giant had no specific news today.
The Coca-Cola Co. (NYSE: KO) traded down 1.59% at $42.61. The stock’s 52-week range is $36.56 to $43.91. Volume was about equal to the daily average of around 14.6 million shares traded. The soft-drinks maker reported earnings yesterday and the stock got a bump that it gave back today.
Of the Dow 30 stocks 19 are set to close lower today and 11 are on track to close higher.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.