April 5, 2016: Markets opened lower again on Tuesday following mixed trading in Asia, combined with some weak economic data out of Europe and negative sentiment in the oil markets. All 10 sectors traded down late in the afternoon, led by utilities and energy stocks. WTI crude oil for May delivery settled at $35.19 a barrel, ujp about 0.5% for the day. June gold added 0.8% to settle at $1,229.50 for the day. Equities were headed for a lower close shortly before the closing bell as the DJIA traded down 0.64% for the day, the S&P 500 traded down 0.92%, and the Nasdaq Composite traded down 0.87%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Cisco Systems Inc. (NASDAQ: CSCO) which traded down 1.94% at $27.59. The stock’s 52-week range is $22.46 to $29.90. Trading volume was about 30% below the daily average of around 32 million. The networking firm had no specific news on Tuesday.
UnitedHealth Group Inc. (NYSE: UNH) traded down 1.68% at $127.32. The stock’s 52-week range is $95.00 to $131.10. Trading volume was about 25% below the daily average of around 3.8 million. The healthcare giant had no specific news Tuesday.
The Walt Disney Co. (NYSE: DIS) traded down 1.61% at $97.09. The stock’s 52-week range is $86.25 to $122.08. Volume was about equal to the daily average of around 9.3 million shares. The House that Mickey built lost its COO in an unexpected departure announced Monday afternoon.
International Business Machines Corp. (NYSE: IBM) traded down 1.37% at $149.98. The stock’s 52-week range is $116.90 to $176.30. Volume was about 50% lower than the daily average of around 5.5 million shares traded. The tech heavyweight had no specific news on Tuesday.
Of the Dow 30 stocks 27 are set to close lower on Tuesday and just 3 are on track to close higher.
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