January 30 2017: Markets opened lower Monday following a weekend of turmoil at U.S. airports following President Donald Trump’s immigration order signed last Friday. Several major companies (Apple, Goldman Sach, and Facebook, among them) voiced opposition to the ban on citizens of seven Middle Eastern and North African countries. All 11 S&P sectors traded in the red with energy the biggest loser. WTI crude oil for March delivery settled at $52.63 a barrel, down about 1% on the day. April gold added 0.4% on the day to settle at $1,196.00. Equities were headed for a lower close close shortly before the bell as the DJIA traded down 0.62% for the day, the S&P 500 traded down 0.61%, and the Nasdaq Composite traded down 0.82%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Caterpillar Inc. (NYSE: CAT) which traded down 2.19% at $96.82. The stock’s 52-week range is $59.80 to $99.46. Volume was about equal to the daily average of around 8.7 million shares. The company had no specific news Monday.
E. I. du Pont de Nemours and Co. (NYSE: DD) traded down 2.29% at $75.92. The stock’s 52-week range is $51.64 to $78.36. Volume was about half the daily average of around 3 million shares. The company had no specific news.
Chevron Corp. (NYSE: CVX) traded down 2.11% at $111.39. The stock’s 52-week range is $79.85 to $119.00. Volume was about equal to the daily average of around 7 million shares. The company had no specific news, but with more energy companies reporting this week — and none looking particularly good — energy stocks will be under continuing pressure.
The Boeing Co.l (NYSE: BA) traded down 1.31% at $165.50. The stock’s 52-week range is $02.10 to $170.00. Volume was 15% above the daily average of around 4.3 million shares. The company had no specific news Monday.
Of the Dow 30 stocks, 4 are on track to close higher Monday and 26 are set to close lower.
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