January 31, 2017: Markets opened lower again Tuesday, even following a late-Monday surge that pared what was beginning to look like a nasty loss. Consumer confidence, particularly looking ahead, was weaker than in December although it remains high. Industrials and financials were Tuesday’s worst performing sectors while utilities and healthcare performed best. WTI crude oil for March delivery settled at $52.81 a barrel, up about 0.3% on the day. April gold added 1.3% on the day to settle at $1,211.40. Equities were headed for a mixed close close shortly before the bell as the DJIA traded down 0.54% for the day, the S&P 500 traded down 0.09%, and the Nasdaq Composite traded up 0.02%.
The Nasdaq 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 Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) which traded down 1.84% at $2.29.60. The stock’s 52-week range is $138.20 to $247.77. Volume was about 10% below the daily average of around 4.3 million shares. The company had no specific news Tuesday.
Intel Corp. (NASDAQ: INTC) traded down 1.66% at $36.80. The stock’s 52-week range is $27.68 to $38.45. Volume was less than 10% below the daily average of around 20.4 million shares. The company had no specific news Tuesday.
JPMorgan Chase & Co. (NYSE: JPM) traded down 1.65% at $84.61. The stock’s 52-week range is $52.50 to $88.17. Volume was about 30% below the daily average of around 18.4 million shares. The big bank had no specific news.
Exxon Mobil Corp. (NYSE: XOM) traded down 1.36% at $83.70. The stock’s 52-week range is $73.55 to $95.55. Volume was about 20% above the daily average of around 11.3 million shares. The company reported uninspiring quarterly and annual results this morning.
Of the Dow 30 stocks, 7 are on track to close higher Tuesday and 23 are set to close lower.
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