June 6, 2017: Markets opened lower Tuesday not an any specific news, but apparently awaiting to hear what former FBI Director James Comey has to say on Thursday. Tuesday’s best performing sector was energy and the worst performer was consumer discretionary goods. WTI crude oil for July delivery settled at $48.19 a barrel, up 1.7% for the day. August gold added 1.2% for the day to settle at $1,297.50. Equities were headed for a lower close shortly before the bell as the DJIA traded down 0.18% for the day, the S&P 500 traded down 0.28%, and the Nasdaq Composite traded down 0.32%.
The DJIA stock posting the largest daily percentage loss ahead of the close Tuesday was Wal-Mart Stores Inc. (NYSE: WMT) which traded down 1.63% at $78.95. The stock’s 52-week range is $65.28 to $80.47. Volume was about 20% above the daily average of around 7.7 million shares. The company had no specific news, but Amazon’s announcement that it plans to offer discounted Prime memberships to customers receiving government assistance payments is whack at a serious piece of Walmart’s customer base.
The Boeing Co. (NYSE: BA) traded down 0.98% at $187.10. The stock’s 52-week range is $122.35 to $191.70. Volume was about 30% below the daily average of around 2.9 million shares. The company had no specific news.
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Visa Inc. (NYSE: V) traded down 0.98% at $95.61. The stock’s 52-week range is $73.25 to $96.60. Volume was about 35% below the daily average of around 7.7 million. The company had no specific news Tuesday.
The Walt Disney Co. (NYSE: DIS) traded down 0.97% at $105.49. The stock’s 52-week range is $90.32 to $116.10. Volume was about 25% above the daily average of around 6.3 million shares. The company had no specific news Tuesday.
Of the Dow stocks, 11 are on track to close higher Tuesday and 19 are set to close lower.
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