[cnxvideo id=”655354″ placement=”ros”]January 27, 2017: Markets opened higher again Friday but a weak first reading on Q4 GDP took the air out of the market early and equities traded lower for most of the day except on the tech heavy Nasdaq which traded barely in the green for most of the day. The healthcare and telecom sectors had the best gains, but energy and real estate weighed more heavily to the downside. WTI crude oil for March delivery settled at $53.17 a barrel, down about 1.1% on the day and down less than 0.1% for the week. February gold dropped 0.1% on the day to settle at $1,188.40 and a weekly loss of 1.4%. Equities were headed for a lower close close shortly before the bell as the DJIA traded down 0.10% for the day, the S&P 500 traded down 0.18%, and the Nasdaq Composite traded down 0.01%.
Stocks traded very near the break even line just minutes before the closing bell. The closing tally could differ from these results.
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was Chevron Corp. (NYSE: CVX) which traded down 2.48% at $113.67. The stock’s 52-week range is $79.85 to $119.00. Volume was about 30% higher than the daily average of around 7.1 million shares. The company reported weak quarterly results this morning and a soft outlook.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 1.64% at $65.62. The stock’s 52-week range is $62.35 to $75.19. Volume was about 25% above the daily average of around 8.7 million shares. The company had no specific news Friday.
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General Electric Co. (NYSE: GE) traded down 1.18% at $29.96. The stock’s 52-week range is $27.10 to $33.00. Volume was about 25% below the daily average of around 33 million shares. The company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 1.12% at $236.90. The stock’s 52-week range is $138.20 to $247.77. Volume was 40% below the daily average of around 4.3 million shares. The investment bank had no specific news Friday.
Of the Dow 30 stocks, 15 are on track to close higher Friday and 15 are set to close lower.
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