July 24, 2017: Markets opened mixed Monday as both the Dow and the S&P 500 traded lower late into the afternoon. The financial and tech sectors traded higher Monday while utilities and telecom were the major laggards. WTI crude oil for September delivery settled at $46.34 a barrel, up 1.3% for the day following an announcement on oil production this morning. August gold dropped $0.60 on the day to settle at $1,254.30. Equities were headed for a mixed close shortly before the bell as the DJIA traded down 0.20% for the day, the S&P 500 traded down 0.04%, and the Nasdaq Composite traded up 0.40%.
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was General Electric Co. (NYSE: GE) which traded down 2.06% at $25.37. The stock’s 52-week range is $25.26 to $32.38. Volume was about 10% above the daily average of around 39 million. The company is still feeling the effects of an unwelcome earnings report last Friday.
Nike Inc. (NYSE: NKE) traded down 1.58% at $59.00. The stock’s 52-week range is $49.01 to $60.33. Volume was about half the daily average of about 10.5 million shares. The company had no specific news, by Hibbett Sports warned on sales this morning and there could have been some spillover.
Johnson & Johnson (NYSE: JNJ) traded down 1.48% at $133.31. The stock’s 52-week range is $109.32 to $137.08. Volume was about equal to the daily average of around 5.6 million shares. The company had no specific news.
The Home Depot Inc. (NYSE: HD) traded down 1.34% at $144.69. The stock’s 52-week range is $119.20 to $160.86. Volume was about 25% above the daily average of around 4.6 million shares. The home improvement company had no specific news Friday.
Of the Dow stocks, 12 are on track to close higher Monday and 18 are set to close lower.