December 26, 2017: Markets opened lower Tuesday following the three-day Christmas holiday weekend. The DJIA briefly turned higher, but traded for most of the day with a small loss. Energy was the leading sector but couldn’t overcome weakness in tech and utilities. WTI crude oil for February delivery settled at $59.97 a barrel, up 2.6% for the day following a pipeline explosion in Libya. The is WTI’s highest close in more than two years. February gold added 0.7% on the day to settle at $1,287.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.11% for the day, the S&P 500 traded down 0.18%, and the Nasdaq Composite traded down 0.41%.
Bitcoin futures for January traded at $15,920, up about 12.6%, on the CME after opening at $13,900 this morning. Only 374 contracts had been traded in the session and open interest is just 489.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded down 2.63% at $170.41. The stock’s 52-week range is $114.76 to $177.20. Volume was nearly 10% above the daily average of around 26 million shares. Some analysts said iPhone X sales would be down sharply from quarterly.
Intel Corp. (NASDAQ: INTC) traded down 1.50% at $46.00. The stock’s 52-week range is $33.23 to $47.64. Volume was less than half the daily average of around 29 million. The semiconductor maker had no specific news.
DowDuPont Inc. (NYSE: DWDP) traded down 1.03% at $71.37. The stock’s 52-week range is $56.52 to $73.85. Volume was down more than 70% from the daily average of around 7.3 million shares. The company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 0.60% at $257.41. The stock’s 52-week range is $209.62 to $262.14. Volume was about a 60% below the daily average of around 2.7 million shares. The investment bank had no specific news.
Of the Dow stocks, 13 are on track to close higher Tuesday and 17 are set to close lower.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
