May 8, 2017: Markets opened slightly higher Monday, a bit underwhelming given the results of the elections in France. Maybe Macron’s election was fully baked-in already? None of the three major indexes strayed far from the break-even line in Monday’s trading. Only the energy and tech sectors traded notable higher with materials and telecom lagging the most. WTI crude oil for June delivery settled at $46.43 a barrel, up 0.5% on the day. June gold added 10 cents for the day to settle at $1,227.10. Equities were headed for a narrowly lower close shortly before the bell as the DJIA traded down 0.9% for the day, the S&P 500 traded down 0.13%, and the Nasdaq Composite traded down 0.15%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was E.I. du Pont de Nemours Inc. (NYSE: DD) which traded down 1.33% at $80.06. The stock’s 52-week range is $61.12 to $82.37. Volume was about 33% below the daily average of around 3 million. The company’s proposed merger with Dow Chemical received approval in China today.
Intel Corp. (NASDAQ: INTC) traded down 0.83% at $36.51. The stock’s 52-week range is $29.50 to $38.45. Volume was less than half the daily average of around 24 million shares. The company had no specific news Monday.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 0.73% at $225.21. The stock’s 52-week range is $138.20 to $255.15. Volume was about half the daily average of around 3.8 million shares. The investment bank had no specific news Monday.
General Electric Co. (NYSE: GE) traded down 0.58% at $29.05. The stock’s 52-week range is $28.19 to $33.00. Volume was less than half the daily average of around 29.4 million shares. The company said this morning that customers for its additive manufacturing (3D printing) have secured $20 million in financing from GE Capital since the first quarter of the year.
Of the Dow stocks, 9 are on track to close higher Monday and 21 are set to close lower. Shares of Apple posted a new high of $153.70 this afternoon, briefly valuing the company at over $800 billion.
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.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.