March 27, 2017: Markets opened lower Monday and gradually rose toward the break-even line. The blue chips were not able to bust through to post a gain at any time during the day. Monday’s weakest sectors were real estate, telecom, and financials. And even the sectors that were up — healthcare, tech, materials — didn’t make huge gains. WTI crude oil for May delivery settled at $47.73 a barrel, down 0.5% on the day. April gold added 0.6% on the day to settle at $1,255.70. Equities were headed for a mixed close shortly before the bell as the DJIA traded down 0.21% for the day, the S&P 500 traded down 0.02%, and the Nasdaq Composite traded up 0.29%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Chevron Corp. (NYSE: CVX) which traded down 1.48% at $106.41. The stock’s 52-week range is $92.43 to $119.00. Volume was about 25% below the daily average of around 6.5 million. The company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 1.36% at $225.27. The stock’s 52-week range is $138.20 to $255.15. Volume was more than double the daily average of around 3.7 million shares. The company had no specific news Monday.
Verizon Communications Inc. (NYSE: VZ) traded down 1.11% at $49.13X. The stock’s 52-week range is $46.01 to $56.95. Volume was about 30% below the daily average of around 15.4 million shares. The company had no specific news Friday.
General Electric Co. (NYSE: GE) traded down 0.99% at $29.42. The stock’s 52-week range is $28.19 to $33.00. Volume was about 20% below the daily average of around 29 million shares. The company’s aviation division acquired a digital aircraft records management company this morning.
Of the Dow 30 stocks, 15 are on track to close higher Monday and 15 are set to close lower.