January 12, 2017: Markets opened lower Thursday and politics — or the lack of policy — gets the blame following President-elect Donald Trump’s press conference that failed to have anything to say about the new administration’s economic policies. The telecom sector was showing a nice gain with about an hour to go before close, with financials, techs, and industrials all putting on a poor show Wednesday. WTI crude oil for February delivery settled at $53.01 a barrel, up about 1.5% on the day. February gold added 0.3% on the day to settle at $1,199.80. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.32% for the day, the S&P 500 traded down 0.22%, and the Nasdaq Composite traded down 0.32%.
The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was The Walt Disney Co. (NYSE: DIS) which traded down about 1.77% at $107.50. The stock’s 52-week range is $89.25 to $109.49. Volume was about 25% below the daily average of around 8.2 million shares. The company had now specific news.
Microsoft Corp. (NASDAQ: MSFT) traded down 0.97% at $62.57. The stock’s 52-week range is $48.04 to $64.10. Volume was about 40% below the daily average of around 28 million shares. The company had no specific news Thursday.
Pfizer Inc. (NYSE: PFE) traded down 0.85% at $32.55. The stock’s 52-week range is $27.68 to $37.39. Volume was less than 10% below the daily average of around 26.8 million shares. The company’s had no specific news, but President-elect Donald Trump shook up the industry on Wednesday, saying at his press conference that the companies were “getting away with murder.”
Intel Corp. (NASDAQ: INTC) traded down 0.78% at $36.66. The stock’s 52-week range is $27.68 to $38.36. Volume was about 20% below the daily average of around 20 million shares. The company’s had no specific news Thursday.
Of the Dow 30 stocks, 8 are on track to close higher Thursday and 22 are set to close lower.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
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.