October 26, 2016: Markets opened lower Wednesday after Apple reported disappointing earnings Tuesday night and both Coca-Cola and Boeing posted undistinguished results this morning. After the bell, we’ll hear from a gaggle of gold miners and that darling of momentum stocks, Tesla Motors. The real-estate sector is Wednesday’s big loser while financials and utilities have posted the best gains. WTI crude oil for December delivery settled at $49.18 a barrel, down 1.6% following a bullish inventory report. December gold dropped 0.6% on the day to settle at $1,266.60. Equities were headed for a mixed close before the bell as the DJIA traded up 0.25% for the day, the S&P 500 traded down 0.12%, and the Nasdaq Composite traded down 0.56%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was The Boeing Co. (NYSE: BA) which traded up 5.01% at $145.99. The stock’s 52-week range is $102.10 to $150.59. Trading volume was nearly 4 times the daily average of around 3.1 million. The aerospace giant beat estimates this morning and raised its per share guidance for the year.
Nike Inc. (NYSE: NKE) traded up 1.98% at $52.06. The stock’s 52-week range is $50.71 to $68.19. Volume was more than 10% above the daily average of around 9 million shares. The company had no specific news Wednesday.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 0.97% at $177.25. The stock’s 52-week range is $138.20 to $199.90. Volume of about 1.9 million was about 30% below the daily average of around 2.5 million shares. The investment bank had now specific news.
The Walt Disney Co. (NYSE: DIS) traded up 0.77% at $93.46. The stock’s 52-week range is $86.25 to $120.65. Volume was about 30% below the daily average of around 7.5 million shares. Just guessing here, but AT&T’s big bet on a content provider may have encouraged investors to re-evaluate Disney’s position.
Of the 30 Dow index stocks 16 are on track to close higher Wednesday and 14 are set to close lower.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. 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. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
