August 29, 2017: Markets opened lower Tuesday on concerns about another North Korean missile test and the impact of Harvey on oil & gas supplies. On the positive side, consumer confidence improved. Among the sectors, industrials and tech performed best while materials and financials lagged. WTI crude oil for October delivery settled at $46.44 a barrel, down 0.3%. December gold added 0.3% on the day to settle at $1,318.90. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.29% for the day, the S&P 500 traded up 0.13%, and the Nasdaq Composite traded up 0.38%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was United Technologies Corp. (NYSE: UTX) which traded up 2.23% at $117.90. The stock’s 52-week range is $97.62 to $124.79. Volume was about 50% above the daily average of around 2.7million shares. The company had no specific news.
The Boeing Co. (NYSE: BA) traded up 1.59% at $240.95. The stock’s 52-week range is $126.31 to $246.49. Volume was about 20% below the daily average of around 3.4 million. The company had no specific news Monday, but the North Korean missile launch gave defense stocks, including UTC a boost in today’s trading.
Wal-Mart Stores Inc. (NYSE: WMT) traded up 1.11% at $78.90. The stock’s 52-week range is $65.28 to $81.99. Volume was about 35% below the daily average of around 9.2 million shares. The company had no specific news.
Apple Inc. (NASDAQ: AAPL) traded up 0.98% at $163.05. The stock’s 52-week range is $102.53 to $163.12, and the high was posted this afternoon. Volume was about equal to the daily average of around 27 million shares. The company had no specific news, but some analysts are projecting big growth in iPhone sales following next month’s launch.
Of the Dow stocks, 18 are on track to close higher Tuesday and 12 are set to close lower.