September 10, 2018: Markets mixed Monday as the Nasdaq Composite started off the week in the red. With less than an hour to go before the closing bell, however, it’s the Dow that trades slightly down while the Nasdaq and the S&P 500 are looking to post modest gains. The healthcare sector is showing the only loss for the day while telecom and industrials are leading the gainers.
WTI crude oil for October delivery settled at $67.54 a barrel, down 0.3% on the day. December gold dropped less than 0.1% to settle at $1,199.80Equities were heading for a narrowly mixed close about 10 minutes before the bell as the Dow traded down 0.10% for the day, the S&P 500 traded up 0.22%, and the Nasdaq Composite traded up 0.23%.
Bitcoin futures (XBTU8) for September delivery traded at $6,250, down about 2.4% on the Cboe after opening at $6,375 this morning. The trading range today was $6,180 to $6,375. The U.S. Securities and Exchange Commission has temporarily suspended trading on two exchange-traded products.
The Dow stock posting the largest daily percentage loss ahead of the close Monday was UnitedHealth Group Inc. (NYSE: UNH) which traded down 3.23% at $259.61. The 52-range on the stock is $186.00 to $271.16. Volume was about 50% higher than the daily average of around 2.4 million.
The Boeing Co. (NYSE: BA) traded down 1.89% at $342.69. The stock’s 52-week range is $237.09 to $374.48. Volume was about a third below the daily average of around 3.2 million.
The Travelers Companies Inc. (NYSE: TRV) traded down 1.85% at $127.68 in a 52-week range of $118.75 to $150.55. Volume was about equal to the daily average of around 1.4 million shares. Hurricane Florence heading toward the U.S. east coast is not good news for insurance companies.
Apple Inc. (NASDAQ: AAPL) traded down 1.24% at $218.57. The stock’s 52-week range is $149.16 to $229.67. Volume was about a third higher than the daily average of around 25.6 million shares.
Of the Dow stocks, 20 were set to close higher Monday and 10 were on track to close lower.
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