July 18, 2016: Markets opened mixed on Monday with the blue chippers lagging until mid -morning. The tech and basic materials sectors posted the largest gain, with energy and consumer staples posting the biggest declines. Softbank’s buyout of ARM Holdings pushed the British company’s stock up more than 20%. BofA reported results before the bell this morning and added nearly 4% to help push financials higher too. WTI crude oil for August delivery settled at $45.24 a barrel, down 1.6% for the day. August gold added 0.1% on the day to settle at $1,329.30. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.12% for the day, the S&P 500 traded up 0.28%, and the Nasdaq Composite traded up 0.60%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was E.I. du Pont de Nemours and Co. (NYSE: DD) which traded up 1.31% at $68.04. The stock’s 52-week range is $47.11 to $75.72. Volume was half the daily average of around 3.3 million shares. The chemical giant had no specific news Monday.
The Home Depot Inc. (NYSE: HD) traded up 1.25% at $136.47. The stock’s 52-week range is $92.17 to $137.82. Volume was about 40% below the daily average of around 5 million shares. The home improvement chain had no specific news today.
Apple Inc. (NASDAQ: AAPL) traded up 1.14% at $99.91. The stock’s 52-week range is $89.47 to $132.97. Trading volume was about 20% below the daily average of around 40 million. The tech giant’s shares rose briefly above $100 in the session, but the company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.06% at $163.35. The stock’s 52-week range is $138.20 to $214.61. Trading volume was about 30% above the daily average of nearly 3.4 million shares. The big bank reports earnings before the opening bell Tuesday and expectations have improved following strong reports from peers.
Of the 30 Dow index stocks 16 are on track to close higher Monday and 14 are set close lower.
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