June 23, 2017: Markets opened slightly lower Friday and all three major indexes traded in the green for most of the day before the DJIA dipped into the red late in the session. Financials and healthcare were the best performing sectors while tech and energy stocks performed better. WTI crude oil for August delivery settled at $43.01 a barrel, up 0.6% on the day but down more than 4% for the week. August gold also added 0.6% for the day to settle at $1,246.40, essentially flat for the week. Equities were headed for a mixed close shortly before the bell as the DJIA traded down 0.06% for the day, the S&P 500 traded up 0.14%, and the Nasdaq Composite traded up 0.46%.
The DJIA stock posting the largest daily percentage loss ahead of the close Friday was The Home Depot Inc. (NYSE: HD) which traded down 2.73% at $151.24. The stock’s 52-week range is $119.20 to $160.86. Volume was about 75% above the daily average of around 4.1 million shares. The company had no specific news, but we noted a lawsuit against Home Depot that is exceedingly strange. http://247wallst.com/retail/2017/06/23/are-you-being-cheated-when-you-buy-lumber-at-home-depot/
The Goldman Sachs Group Inc. (NYSE: GS) traded down 1.22% at $217.08. The stock’s 52-week range is $138.20 to $255.15. Volume was about 25% below the daily average of around 3.7 million shares. The investment bank had no specific news Friday.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 0.95% at $74.80. The stock’s 52-week range is $65.28 to $80.47. Volume was less than 10% below the daily average of around 8.7 million. The company had no specific news.
UnitedHealth Group Inc. (NYSE: UNH) traded down 0.70% at $185.20. The stock’s 52-week range is $132.39 to $188.66. Volume was around half the daily average of about 3.3 million shares. The company had no specific news.
Of the Dow stocks, 16 are on track to close higher Friday and 14 are set to close lower.