August 21, 2017: Markets opened mixed Monday and lacking any significant economic news, the markets traded mostly flat throughout the day. S&P’s real estate sector traded up the most, while the energy sector was the day’s laggard.WTI crude oil for September delivery settled at $47.37 a barrel, down 2.4% for the day. December gold added 0.4% on the day to settle at $1,296.70. Equities were headed for a mixed close shortly before the bell as the DJIA traded up 0.13%for the day, the S&P 500 traded up 0.13%, and the Nasdaq Composite traded down 0.13%.
Stocks traded very near the break-even line just minutes before the closing bell. The closing tally could finish with either a small gain or a small loss for any or all of the indexes.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was The Home Depot Inc. (NYSE: HD) which traded up 1.29% at $149.39. The stock’s 52-week range is $119.20 to $160.86. Volume was about 35% below the daily average of around 4.8 million shares. The company had no specific news.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.02% at $30.68 The stock’s 52-week range is $29.12 to $34.60. Volume was about equal to the daily average of around 21 million shares. The company announced this morning that it intends to acquire hyperconvergence company Springpath for $320 million in cash and planned equity awards along with retention-based payments..
Verizon Communications Inc. (NYSE: VZ) traded up 0.88% at $48.11. The stock’s 52-week range is $42.80 to $54.83. Volume was about half the daily average of around 14.7 million. The telecom giant had no specific news Monday.
E.I. du Pont de Nemours Inc. (NYSE: DD) traded up 0.79% at $81.82. The stock’s 52-week range is $66.02 to $86.36. Volume was about about half the daily average of around 2 million shares. The company had no specific news.
Of the Dow stocks, 16 are on track to close higher Monday and 14 are set to close lower.