UnitedHealth, Travelers Sink DJIA Wednesday
March 29, 2017 by Paul AusickMarch 29, 2017: Markets opened mixed Wednesday as investors and traders may have been wondering about what will happen next — and how soon — now that the Brexit process has begun. Energy was the day’s leading sector while utilities and financials lagged. A large inventory drawdown in gasoline helped boost crude prices. WTI crude oil for May delivery settled at $49.51 a barrel, up 2.4% on the day. April gold dropped 0.2% on the day to settle at $1,253.70. Equities were headed for a mixed close shortly before the bell as the DJIA traded down 0.17% for the day, the S&P 500 traded up 0.11%, and the Nasdaq Composite traded up 0.38%.
The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was UnitedHealth Group Inc. (NYSE: UNY) which traded down 1.05% at $163.61. The stock’s 52-week range is $125.26 to $172.14. Volume was about 20% above the daily average of around 3.7 million. The company’s Optum division announced an investment in a cloud-based analytics service.
The Travelers Companies Inc. (NYSE: TRV) traded down 0.89% at $120.71. The stock’s 52-week range is $103.45 to $125.49. Volume was about half the daily average of around 1.5 million shares. The company had no specific news Tuesday.
Cisco Systems Inc. (NASDAQ: CSCO) traded down 0.81% at $33.74. The stock’s 52-week range is $25.81 to $34.53. Volume was about 40% below the daily average of around 21 million shares. The company said it plans to sell its network operating system separately from the company’s hardware.
United Technologies Corp. (NYSE: UTX) traded down 0.58% at $112.09. The stock’s 52-week range is $96.89 to $114.44. Volume was about half the daily average of around 3 million shares. The company had no specific news Wednesday.
Of the Dow 30 stocks, 15 are on track to close higher Wednesday and 15 are set to close lower.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare 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.