Intel, Verizon Lead DJIA Higher Monday
January 22, 2018: Markets opened mixed again Monday as traders, who don’t really worry a lot about government shutdowns, were being a bit cautious out of the gate. Following a vote in the Senate early in the afternoon the shutdown ended. Telecom and energy were Monday’s best performing sectors, with materials and industrials the laggards.
WTI crude oil for February delivery settled at $63.62 a barrel, up 0.4% for the day to close out the contract. Barrels for March delivery closed at $63.57. February gold dropped nearly 0.1% on the day to settle at $1,331.90. Equities were headed for a solidly higher close shortly before the bell as the DJIA traded up 0.38% for the day, the S&P 500 traded up 0.62%, and the Nasdaq Composite traded up 0.78%.
Bitcoin futures for January delivery traded at $10,430, down about 8.2% on the CME after opening at $11,300 this morning. The digital currency’s trading range for the day was $10,170 to $11,830.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Verizon Communications Inc. (NYSE: VZ) which traded up 2.46% at $53.18. The stock’s 52-week range is $42.80 to $53.69. Volume was about 20% above the daily average of around 16.8 million shares. The company reports earnings Tuesday morning.
Intel Corp. (NASDAQ: INTC) traded up 1.65% at $45.56. The stock’s 52-week range is $33.23 to $47.64. Volume was about 40% below the daily average of around 33 million. The company reports earnings Thursday.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.79% at $260.70. The stock’s 52-week range is $209.62 to $262.87, a new high posted this morning. Volume was about 50% higher than the daily average of around 2.7 million shares. The company had no specific news.
Microsoft Corp. (NASDAQ: MSFT) traded up 1.36% at $91.22. The stock’s 52-week range is $62.37 to $91.23, a new high set this afternoon. Volume was about 40% below the daily average of around 3 million shares. The company had no specific news Monday.
Of the Dow stocks, 17 are on track to close higher Monday and 13 are set to close lower.