November 22, 2017: Markets opened mixed Wednesday ahead of the Thanksgiving Day holiday. The report on durable goods orders was slightly disappointing, while consumer sentiment was solid and new claims for jobless benefits was inline with expectations. Among the sectors, telecom and energy were the best performers while tech and financials lagged. WTI crude oil for January delivery settled at $58.02 a barrel, up 2.1% for the day and the highest close in more than two years. December gold added 0.8% on the day to settle at $1,292.20. Equities were headed for a mixed close shortly before the bell as the DJIA traded down 0.22% for the day, the S&P 500 traded down 0.02%, and the Nasdaq Composite traded up 0.10%.
The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was DowDuPont Inc. (NYSE: DWDP) which traded down 0.73% at $70.74. The stock’s 52-week range is $53.69 to $73.85. Volume was less than half the daily average of around 8.1 million shares. The company had no specific news.
The Boeing Co. (NYSE: BA) traded down 0.69% at $265.14. The stock’s 52-week range is $148.32 to $267.62. Volume was about 65% below the daily average of around 3.2 million. The company had no specific news.
Nike Inc. (NYSE: NKE) traded down 0.63% at $59.02. The stock’s 52-week range is $50.06 to $60.53. Volume was about 40% below the daily average of around 10 million shares. The company had no specific news Wednesday.
3M Company (NYSE: MMM) traded down 0.52% at $231.71. The stock’s 52-week range is $171.09 to $238.90. Volume was about 40% below the daily average of around 1.8 million shares. The company had no specific news.
Of the Dow stocks, 9 are on track to close higher Wednesday and 21 are set to close lower.
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