[cnxvideo id=”625490″ placement=”ros”]April 18, 2017: Markets opened lower Tuesday after disappointing quarterly results from some big names. An announced snap election in Britain and the coming French elections also got tossed into the mix. Healthcare and financial stocks performed worst today with the counter-cyclicals performing best. WTI crude oil for May delivery settled at $52.41 a barrel, down 0.5% on the day. June gold added 0.2% on the day to settle at $1,294.10. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.45% for the day, the S&P 500 traded down 0.19%, and the Nasdaq Composite traded down 0.04%.
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 4.64% at $215.77. The stock’s 52-week range is $138.20 to $255.15. Volume was about 3 times the daily average of around 3.8 million shares. The company missed estimates this morning.
Johnson & Johnson (NYSE: JNJ) traded down 2.99% at $121.96. The stock’s 52-week range is $109.32 to $129.00. Volume was about 70% above the daily average of around 73 million shares. Another disappointing quarterly report.
[nativounit]
American Express Co. (NYSE: AXP) traded down 1.10% at $75.83. The stock’s 52-week range is $57.15 to $82.00. Volume was about 30% below the daily average of around 4 million shares. The credit card company is set to report results Wednesday.
The Travelers Companies Inc. (NYSE: TRV) traded down 0.98% at $120.73. The stock’s 52-week range is $103.45 to $125.49. Volume was about 35% below the daily average of around 1.4 million. The company had no specific news Tuesday.
Of the Dow stocks, 13 are on track to close higher Tuesday and 17 are set to close lower. The three financial stocks at the bottom of the DJIA account for slightly more than 15% of index’s total value.
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks