February 8, 2017: Markets opened lower Wednesday and the blue chippers of the DJIA never made it above the break-even line. Counter-cyclical sectors were the day’s leading gainers while financial stocks took the brunt of the sell-off. WTI crude oil for March delivery settled at $52.34 a barrel, up about 0.3% on the day, even after a government report showed the addition of 13.8 million barrels to the nation’s commercial inventories. April gold added 0.3% on the day to settle at $1,239.50. Equities were headed for a mixed close close shortly before the bell as the DJIA traded down 0.19% for the day, the S&P 500 traded up 0.09%, and the Nasdaq Composite traded up 0.19%.
The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was JPMorgan Chase & Co. (NYSE: JPM) which traded down 0.90% at $85.94. The stock’s 52-week range is $52.50 to $88.17. Volume was about 60% below the daily average of around 18.4 million shares. The big bank had no specific news.
Exxon Mobil Corp. (NYSE: XOM) traded down 0.76% at $81.40. The stock’s 52-week range is $77.58 to $95.55. Volume was less than 10% below the daily average of around 11.4 million shares. The company had no specific news.
The Boeing Co. (NYSE: BA) traded down 0.75% at $163.85. The stock’s 52-week range is $102.10 to $170.00. Volume was about 30% below the daily average of around 3.4 million shares. The aerospace company had no specific news.
United Technologies Corp. (NYSE: UTX) traded down 0.71% at $110.46. The stock’s 52-week range is $83.85 to $112.83. Volume was about half the daily average of around 9 million shares. The company had no specific news.
Of the Dow 30 stocks, 17 are on track to close higher Wednesday and 13 are set to close lower.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.