November 8, 2016: Markets opened slightly lower Tuesday but the major indexes turned positive by mid-morning and appear to be on their to posting a gain for the day. The job opening (JOLTS) report came in a little below expectations. The energy sector was alone in trading lower late this afternoon while counter-cyclicals like telecom and utilities led the gainers. WTI crude oil for December delivery settled at $44.98 a barrel, up 0.2% for the day. December gold dropped 0.4% on the day to settle at $1,274.50. Equities were headed for a higher close before the bell as the DJIA traded up 0.57% for the day, the S&P 500 traded up 0.61%, and the Nasdaq Composite traded up 0.76%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was The Travelers Companies Inc. (NYSE: TRV) which traded up 2.56% at $108.06. The stock’s 52-week range is $101.23 to $119.32. Volume was less than 10% below the daily average of around 1.6 million shares. The insurance company had no specific news.
Caterpillar Inc. (NYSE: CAT) traded up 1.29% at $84.83. The stock’s 52-week range is $56.36 to $89.87. Trading volume was about 35% below the daily average of around 4.4 million. The company had no specific news Tuesday.
The Procter & Gamble Co. (NYSE: PG) traded up 1.20% at $87.60. The stock’s 52-week range is $73.95 to $90.33. Volume was about 75% below the daily average of around 22 million shares. The consumer products giant had no specific news.
McDonald’s Corp. (NYSE: MCD) traded up 1.14% at $114.11. The stock’s 52-week range is $109.60 to $131.96. Volume of about 2.4 million was about 40% below the daily average of around 4.5 million shares. The company had no specific news Tuesday.
Of the Dow 30 stocks 29 are on track to close higher Tuesday and just one (DuPont) is set to close lower.
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