August 24, 2015: Markets opened lower by nearly 1,100 points on Monday after a rotten night in Shanghai and a equally rotten morning in Europe. Only 22 stocks on the NYSE traded in the green minutes after the opening bell this morning. But from a low of around 5% down, the Dow 30 came back strong to trade nearly flat before sinking again as the closing approached. WTI crude settled below $39 a barrel and Brent traded at around $43 a barrel. Shortly before the closing bell the DJIA traded down 2.34% for the day, the S&P 500 traded down 2.83%, and the Nasdaq Composite traded down 2.44%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was UnitedHealth Group Inc. (NYSE: UNH) which traded down 4.10% at $111.51. The stock’s 52-week range is $80.72 to $126.21. Trading volume was more than 50% higher than the daily average of around 4.1 million. The company had no specific news today.
Exxon Mobil Corp. (NYSE: XOM) traded down 3.51% at $69.60. The stock’s 52-week range is $66.55 to $100.31, and the low was posted today. Trading volume was more than double the daily average of around 12 million. The company had no specific news today, but low crude oil prices hammered the stock.
McDonald’s Corp. (NYSE: MCD) traded lower by 3.06%% at $94.15. The stock’s 52-week range is $87.50 to $101.88, and the low was set today. Trading volume was more than double the daily average of around 5.4 million. Like nearly every other equity today, McDonald’s had no news, it just happened to be in the way of sellers.
The Goldman Sachs Group Inc. (NYSE: GS) traded down 2.80% at $182.49. The stock’s 52-week range is $171.26 to $218.77. About 5.4 million shares traded hands today, more than double the daily average of about 2.5 million. The company is the most heavily weighted of the Dow 30 stocks at 7.62% of the index’s value.All 30 Dow stocks are on track to close lower today.