November 28, 2016: Markets opened lower Monday after a long weekend of eating and shopping. There was no economic news of note, so this may just be a pause in an equity price run-up that has been on a tear for more than two weeks. The financial and healthcare sectors led Monday’s drop-off while utilities posted a gain of nearly 2%. WTI crude oil for January delivery settled at $47.08 a barrel, up 2.2% on the day. February gold added 1.1% on the day to settle at $1,193.80. Equities were headed for a lower close before the bell as the DJIA traded down 0.24% for the day, the S&P 500 traded down 0.45%, and the Nasdaq Composite traded down 0.48%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Nike Inc. (NYSE: NKE) which traded down 1.09% at $50.96. The stock’s 52-week range is $49.01 to $68.19. Trading volume was about 35% below the daily average of around 9.3 million. The athletic gear maker had no specific news.
Visa Inc. (NYSE: V) traded down 0.96% at $79.36. The stock’s 52-week range is $66.12 to $83.96. Volume was about 30% below the daily average of around 9.1 million shares. The credit card company had no specific news Monday.
Merck & Co. Inc. (NYSE: MRK) traded down 0.84% at $61.69. The stock’s 52-week range is $47.97 to $65.46. Volume was about half the daily average of around 10.5 million shares. The FDA has granted the company a priority review of its Keytruda drug for certain types of lung cancer.
Johnson & Johnson (NYSE: JNJ) traded down 0.8% at $113.22. The stock’s 52-week range is $94.28 to $126.07. Volume was about 15% lower than the daily average of around 6.8 million shares. The pharmaceutical giant is in talks related to an acquisition of Europe’s Actelion..
Of the Dow 30 stocks 10 are on track to close higher Monday and 20 are set to close lower.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.