Home Depot, Cisco Systems Buoy DJIA on Monday
August 21, 2017 by Paul AusickAugust 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.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.