August 30, 2016: Markets opened slightly higher Tuesday but equities dipped below the break-even line early and stayed there the rest of the day. The only sector trading higher late in the day was financials, with the telecom and consumer discretionary sectors leading the losers. Investors and traders likely have their eyes set on Friday’s report on non-farm payrolls. WTI crude oil for October delivery settled at $46.35 a barrel, down 1.3% for the day. December gold closed down 0.8% on the day to settle at $1,316.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down by 0.36% for the day, the S&P 500 traded down 0.31%, and the Nasdaq Composite traded down 0.35%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was The Boeing Co. (NYSE: BA) which traded down 1.62% at $130.74. The stock’s 52-week range is $102.10 to $150.59. Volume was about 30% below the daily average of around 3.8 million shares. The company said it is not going to raise prices for its commercial jets in 2016.
Nike Inc. (NYSE: NKE) traded down 1.03% at $58.03. The stock’s 52-week range is $51.48 to $68.19. Trading volume was about half the daily average of around 10.3 million. The sports gear maker had no specific news Tuesday.
Apple Inc. (NASDAQ: AAPL) traded down 0.92% at $105.84. The stock’s 52-week range is $89.47 to $123.82. Volume was about 35% below the daily average of around 3 million shares. The European Commission is seeking a $14.5 billion payment from the company for unpaid taxes.
Caterpillar Inc. (NYSE: CAT) traded down 0.78% at $82.45. The stock’s 52-week range is $56.36 to $84.73. Volume was about 35 % of the daily average of around 4.4 million shares. The company had no specific news Tuesday.
Of the 30 Dow index stocks 7 are on track to close higher Tuesday and 23 are set to close lower.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.