
January 10, 2017: Markets opened mixed again Tuesday as the blue chips got off to a slow start. The DJIA peake in the middle of the day and slid back into the red with about an hour left this afternoon. The Nasdaq even posted another all-time high at 5,564.25 early this afternoon. Healthcare and financials were leading sectors while real-estate and energy lagged. WTI crude oil for February delivery settled at $50.82 a barrel, down about 2.2% on the day. February gold added less than 0.1% on the day to settle at $1,185.50. Equities were headed for a slightly higher close shortly before the bell as the DJIA traded up 0.05% for the day, the S&P 500 traded up 0.09%, and the Nasdaq Composite traded up 0.38%.
Stocks traded very near the break even line and the closing bell might see some shifts in which side of the line the indexes close on.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Caterpillar Inc. (NYSE: CAT) which traded up about 1.93% at $94.15. The stock’s 52-week range is $56.36 to $97.40 Volume was about 35% below the daily average of around 4.2 million shares. The company had no specific news Tuesday.
The Home Depot Inc. (NYSE: HD) traded up 1.47% at $136.28. The stock’s 52-week range is $109.62 to $139.00. Volume was about 20% below the daily average of around 5.2 million shares. The company had no specific news.
American Express Co. (NYSE: AXP) traded up 1.27% at $76.82. The stock’s 52-week range is $50.27 to $78.00, and the high was posted this afternoon. Volume was about 70% higher than the daily average of around 3.6 million shares. The company’s shares were upgraded to Buy at BofA/Merrill Lynch.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 0.91% at $30.45. The stock’s 52-week range is $22.46 to $31.95. Volume was about 35% below the daily average of around 22.3 million shares. The company had no specific news Tuesday.
Of the Dow 30 stocks, 15 are on track to close higher Tuesday and 15 are set to close lower.
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