January 22, 2018: Markets opened mixed again Monday as traders, who don’t really worry a lot about government shutdowns, were being a bit cautious out of the gate. Following a vote in the Senate early in the afternoon the shutdown ended. Telecom and energy were Monday’s best performing sectors, with materials and industrials the laggards.
WTI crude oil for February delivery settled at $63.62 a barrel, up 0.4% for the day to close out the contract. Barrels for March delivery closed at $63.57. February gold dropped nearly 0.1% on the day to settle at $1,331.90. Equities were headed for a solidly higher close shortly before the bell as the DJIA traded up 0.38% for the day, the S&P 500 traded up 0.62%, and the Nasdaq Composite traded up 0.78%.
Bitcoin futures for January delivery traded at $10,430, down about 8.2% on the CME after opening at $11,300 this morning. The digital currency’s trading range for the day was $10,170 to $11,830.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Verizon Communications Inc. (NYSE: VZ) which traded up 2.46% at $53.18. The stock’s 52-week range is $42.80 to $53.69. Volume was about 20% above the daily average of around 16.8 million shares. The company reports earnings Tuesday morning.
Intel Corp. (NASDAQ: INTC) traded up 1.65% at $45.56. The stock’s 52-week range is $33.23 to $47.64. Volume was about 40% below the daily average of around 33 million. The company reports earnings Thursday.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.79% at $260.70. The stock’s 52-week range is $209.62 to $262.87, a new high posted this morning. Volume was about 50% higher than the daily average of around 2.7 million shares. The company had no specific news.
Microsoft Corp. (NASDAQ: MSFT) traded up 1.36% at $91.22. The stock’s 52-week range is $62.37 to $91.23, a new high set this afternoon. Volume was about 40% below the daily average of around 3 million shares. The company had no specific news Monday.
Of the Dow stocks, 17 are on track to close higher Monday and 13 are set to close lower.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
