Investing

Caterpillar, Exxon Sink the Dow Thursday

monsitj / Getty Images

August 23, 2018: Markets opened mixed again Thursday and once again equities stayed within easy reach of the break-even line. A typical summer-doldrums kind of day with low volume and no big news. The tech sector is the only one to have posted a gain of any size and the big losers were basic materials and energy.

WTI crude oil for October delivery settled at $67.83 a barrel, down 3 cents on the day. December gold dropped 0.8% to settle at $1,194.00. Equities were heading for a lower about 10 minutes before the bell as the Dow traded down 0.35% for the day, the S&P 500 traded down 0.20%, and the Nasdaq Composite traded down 0.11%.

Bitcoin futures (XBTU8) for September delivery traded at $6,415, up about 2% on the Cboe after opening at $6,350 this morning. The trading range today was $6,220 to $6,470.

The Dow stock posting the largest daily percentage loss ahead of the close Thursday was Caterpillar Inc. (NYSE: CAT) which traded down 1.98% at $136.87. The stock’s 52-week range is $114.30 to $173.24. Volume was about 40% below the daily average of around 4.3 million shares.

Exxon Mobil Corp. (NYSE: XOM) traded down 1.28% at $78.94. The stock’s 52-week range is $72.16 to $89.30. Volume was about 40% below the daily average of around 11.1 million.

The Goldman Sachs Group Inc. (NYSE: GS) traded down 0.93% at $237.12. The 52-range on the stock is $214.64 to $275.31. Volume was about half the daily average of 2.9 million.

McDonald’s Corp. (NYSE: MCD) traded down 0.87% at $159.14 in a 52-week range of $146.84 to $178.70. Volume was about 45% below the daily average of around 3.6 million shares.

Of the Dow stocks, 10 were set to close higher Thursday and 20 were on track to close lower.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

 

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.