July 11, 2017: Markets opened nearly flat Tuesday as investors wait to hear what Fed Chairwoman Janet Yellen has to say tomorrow to the House Financial Services Committee. Tech and energy stocks were Tuesday’s leading sectors; financials and telecom the weakest. WTI crude oil for August delivery settled at $45.04 a barrel, up 1.4% on the day. August gold added 1% on the day to settle at $1,214.70. Equities were headed for a narrowly mixed close shortly before the bell as the DJIA traded up 0.06% for the day, the S&P 500 traded down 0.05%, and the Nasdaq Composite traded up 0.28%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was General Electric Co. (NYSE: GE) which traded up 1.48% at $26.43. The stock’s 52-week range is $25.91 to $33.00 and the low was posted this morning. Volume was about 20% below the daily average of around 38 million. The company had no specific news.
The Boeing Co. (NYSE: BA) traded up 1.16% at $206.33. The stock’s 52-week range is $126.31 to $206.66, a new high set this afternoon. Volume was about 25% below the daily average of about 2.9 million shares. The company had no specific news Tuesday.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 0.71% at $227.45. The stock’s 52-week range is $153.92 to $255.15. Volume was about a third lower than the daily average of around 3.6million shares. The company had no specific news Tuesday.
Exxon Mobil Corp. (NYSE: XOM) traded up 0.65% at $80.68. The stock’s 52-week range is $79.26 to $95.55. Volume was about 3 % below the daily average of around 11.3 million shares. The oil and gas giant had no specific news.
Of the Dow stocks, 15 are on track to close higher Tuesday and 15 are set to close lower.