February 7, 2018: Markets opened lower for a fifth consecutive session on Wednesday but the blue chips took off right after the bell. The S&P 500 is trading higher as well, but the Nasdaq Composite remains stuck in the red. Reports of a Senate deal on raising the debt ceiling and passing another temporary budget also helped push stocks higher.
WTI crude oil for March delivery settled at $61.79 a barrel, down 2.5% for the day following a bearish report on U.S. inventories. April gold dropped about 1.1% on the day to settle at $1,314.600. Equities were headed for a mixed close close shortly before the bell as the DJIA traded up 0.97% for the day, the S&P 500 traded up 0.47%, and the Nasdaq Composite traded down 0.03%.
Bitcoin futures for February delivery traded at $8,070, up more than 6% on the CBOE after opening at $7,780 this morning. The digital currency’s trading range for the day was $7,190 to $8,560.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was
The Boeing Co. (NYSE: BA) which traded up 3.15% at $351.64. The stock’s 52-week range is $163.69 to $361.45. Volume was about 50% higher than the daily average of around 4.4 million shares. The company trades ex-dividend Thursday.
Walmart Inc. (NYSE: WMT) traded up 2.91% at $103.84. The stock’s 52-week range is $66.89 to $109.98. Volume was about 15% below the daily average of around 9.3 million. The company had no specific news.
United Technologies Corp. (NYSE: UTX) traded up 2.40%% at $132.92. The stock’s 52-week range is $107.05 to $139.24. Volume was around 56 million shares, about 80% more than the daily average of about 3.6 million. The company had no specific news Wednesday.
Intel Corp. (NASDAQ: INTC) traded up 1.94%% at $45.78. The stock’s 52-week range is $33.23 to $50.85. Volume was about 15% below the daily average of around 33 million shares. The company had no specific news Wednesday.
Of the Dow stocks, 22 are on track to close higher Wednesday and 8 are set to close lower.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
