November 14, 2016: Markets opened higher Monday but the Trump rally cooled off after it appeared that it was off to another roaring start. Tech stocks continue getting beaten up while the financial and real estate sectors performed best today. WTI crude oil for December delivery settled at $43.49 a barrel, up 0.2% for the day after dropping to $42.20 earlier in the day. December gold dropped 0.2% on the day to settle at $1,221.70. Equities were headed for a mixed close before the bell as the DJIA traded up XX% for the day, the S&P 500 traded up XX%, and the Nasdaq Composite traded down XX%. The DJIA and the S&P 500 are trading less than 0.1% on either side of the break-even line, so the final tally could be different after the bell rings.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was UnitedHealth Group Inc. (NYSE: UNH) which traded up 4.12% at $152.45. The stock’s 52-week range is $107.51 to $152.92, and the high was posted late this afternoon. Trading volume was 30% above the daily average of around 3.4 million. The company had no specific news Monday.
McDonald’s Corp. (NYSE: MCD) traded up 3.35% at $118.05. The stock’s 52-week range is $109.60 to $131.96. Volume of about 5.5 million was about 20% above the daily average of around 4.6 million shares. The fast-food giant had no specific news.
JPMorgan Chase & Co. (NYSE: JPM) traded up 3.16% at $79.11. The stock’s 52-week range is $52.50 to $80.44, a new high set earlier this morning. Volume was about 2.5 times the daily average of around 15.4 million shares. Another good day for financial stocks.
American Express Co. (NYSE: AXP) traded up 2.75% at $72.44. The stock’s 52-week range is $50.27 to $73.35. Volume was about 20% above the daily average of around 4.7 million shares. The company had no specific news Monday.
Of the Dow 30 stocks 11are on track to close higher Monday and 11 are set to close lower.