February 23, 2015: Markets opened lower for a fifth consecutive day Monday as a falling crude oil price dragged the energy sector down at the opening bell. Fed chairwoman Janet Yellen appears in front of a Senate committee tomorrow and a House committee on Wednesday for her regularly scheduled semi-annual reports. Shortly before the closing bell the DJIA traded down 0.23% for the day, the S&P 500 traded down 0.13%, and the Nasdaq Composite traded down 0.03%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was The Boeing Co. (NYSE: BA) which traded down 2.41% at $154.49. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 50% higher than the daily average of around 4.7 million shares. The company got a downgrade to Sell today from analysts at Goldman Sachs.
Intel Corp. (NASDAQ: INTC) traded down 2.03% at $33.71. The stock’s 52-week range is $24.30 to $37.90. Trading volume was about 25% below the daily average of around 29 million shares. The chipmaker had no specific news today.
Exxon Mobil Corp. (NYSE: XOM) traded down 1.13% at $88.90. The stock’s 52-week range is $86.03 to $104.76. Trading volume was about 35% lower than the daily average of around 16 million shares. The company reported its reserves replacement numbers today. Falling crude prices added to the damage.
Caterpillar Inc. (NYSE: CAT) traded higher by 0.99% at $83.61. The stock’s 52-week range is $78.81 to $111.46. Trading volume was about 25% below the daily average of around 6.7 million shares. The company had no specific news today.
Of the Dow 30 stocks 20 are set to close lower today and 10 are on track to close higher.
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