DowDupont, Goldman Sachs Weigh Down the Dow Monday

By Chris Lange Published Oct 22, 4:07PM EDT

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October 22, 2018: Markets opened higher on Monday but quickly took a turn for the worse in the opening hours. However, the Dow and the S&P looked like they could have made it back to positive territory by the end of the day but ultimately fell short. On the positive side, technology (up 0.8%) was the strongest sector, although it was outweighed by financials (down 2.1%) pushing for the negative.

WTI crude oil ended the day at $69.25 a barrel, up 0.2% for the session. Gold dropped about 0.3% to settle at $1,225.30. Equities saw a mixed close as the Dow traded down 0.50% for the day, the S&P 500 traded down 0.43%, and the Nasdaq Composite traded up 0.26%.

Bitcoin traded down 0.5% for the day to settle at $6,475.06, after opening at $6,509.87 this morning. The range on the day way $6,460.38 to $6,531.23.

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The Dow stock posting the largest daily percentage loss ahead of the close Monday was DowDuPont Inc. (NYSE: DWDP) which traded down 2.5% at $56.07. The stock’s 52-week range is $55.77 to $77.08. Volume was about 10 million, just above the daily average of around 8.6 million.

The Goldman Sachs Group, Inc. (NYSE: GS) traded down 2.3% at $221.66 in a 52-week range of $210.95 to $275.31. Volume was about 2.3 million, slightly below the daily average of around 2.7 million shares.

American Express Co. (NYSE: AXP) traded down 1.9% at $104.71. The stock’s 52-week range is $87.54 to $111.77. Volume was 3.3 million, just slightly above the daily average of around 3.0 million shares.

United Technologies Corp. (NYSE: UTX) traded down 1.8% at $126.42. The 52-week range on the stock is $115.40 to $144.15. Volume was 4.8 million, compared to the daily average of around 3.7 million.

Of the Dow stocks, 19 were set to close lower Monday and 11 were on track to close higher.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.