Investing
3M Traded Down, JPMorgan Up to Keep the Dow Flat Monday
Published:
Last Updated:
July 23, 2018: Markets opened lower Monday and try as they might, the blue chips could never really get a bid. The President’s saber-rattling tweet this morning got markets off to poor start, but earnings reports may have helped pull the Nasdaq Composite and the S&P 500 out of the doldrums. The day’s best performing sector has been financial services while defensive stocks have lagged.
WTI crude oil for September delivery settled at $67.89 a barrel, down 0.5% for the day. August gold settled down 0.5% at $1,225.60. Equities were heading for a mixed close about 10 minutes before the bell as the Dow traded essentially flat for the day, the S&P 500 traded up 0.21%, and the Nasdaq Composite traded up 0.29%.
Bitcoin futures (XBTQ8) for August delivery traded at $7,760, up about 5.7% on the CBOE after opening at $7,380 this morning. The trading range today was $7,360 to $7,840.
The Dow stock posting the largest daily percentage loss ahead of the close Monday was 3M Company (NYSE: MMM) which traded down 1.51% at $198.90 in a 52-week range of $191.44 to $259.77. Volume was about equal to the daily average of around 2.9 million shares. The company reports second-quarter results before markets open Tuesday.
Visa Inc. (NYSE: V) traded down 0.71% at $139.99. The stock’s 52-week range is $98.51 to $141.47. Volume was about 25% below the daily average of around 7.2 million shares.
The Dow stock posting the largest daily percentage gain ahead of the close Monday was JPMorgan Chase & Co. (NYSE: JPM) which traded up 2.12% at $113.64. The stock’s 52-week range is $88.08 to $119.33. Volume was about 15% below the daily average of around 14.4 million.
Microsoft Corp. (NASDAQ: MSFT) traded up 1.61% at $107.98. The 52-range on the stock is $71.28 to $108.20. Volume of around 23 million was about 15% below the daily average.
Of the Dow stocks, 12 were set to close higher Monday and 18 were on track to close lower.
24/7 Wall St.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
