March 6, 2017: Markets opened lower Monday as investors and traders mull the probability of a more hawkish Fed interest rate policy that could cool what economic growth there has been. The energy sector ticked up a bit today, but the other 10 S&P sectors all traded down, led by real estate and financials. WTI crude oil for April delivery settled at $53.20 a barrel, down 0.2% on the day. April gold dropped less than 0.1% on the day to settle at $1,225.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.11% for the day, the S&P 500 traded down 0.22%, and the Nasdaq Composite traded down 0.25%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was JPMorgan Chase & Co. (NYSE: JPM) which traded down 1.20% at $91.68. The stock’s 52-week range is $57.05 to $93.98. Volume was about 25% below the daily average of around 16 million shares. The big bank had no specific news.
The Travelers Companies Inc. (NYSE: TRV) traded down 1.17% at $122.68. The stock’s 52-week range is $103.45 to $125.49. Volume was about equal to the daily average of around 1.5 million shares. The insurance provider had no specific news.
Intel Corp. (NASDAQ: INTC) traded down 0.92% at $35.57. The stock’s 52-week range is $29.50 to $38.45. Volume was 20% below the daily average of around 22.5 million shares. The company had no specific news.
The Coca-Cola Co. (NYSE: KO) traded down 0.68% at $42.19. The stock’s 52-week range is $39.88 to $47.13. Volume was about 35% below the daily average of around 14.2 million shares. The company had no significant news Monday.
Of the Dow 30 stocks, 10 are on track to close higher Monday and 20 are set to close lower.