October 3, 2018: Markets opened higher Wednesday following the latest report on non-farm payroll growth. Then things turned south late in the afternoon. The Dow threatened the 27,000 level but a late sell-off ended those aspirations with a 70-point drop. The 10-year Treasury yield climbed to nearly 3.17%, scaring traders out of equities, at least momentarily. Financial services and energy stocks were the day’s leading gainers, but defensive stocks got creamed.
WTI crude oil for November delivery settled at $76.41 a barrel, up 1.6% for the day, ignoring the largest build of the year to U.S. commercial crude inventories. Â December gold dropped about 0.3% to settle at $1,202.90. Equities were heading for a higher close about 10 minutes before the bell as the Dow traded up 0.18% for the day, the S&P 500 traded up 0.05%, and the Nasdaq Composite traded up 0.28%.
Bitcoin futures (XBTV8) for October delivery traded at $6,415, down about 1.8% on the Cboe after opening at $6,530 this morning. The trading range today was $6,355 to $6,530.
The Dow stock posting the largest daily percentage gain ahead of the close Wednesday was Caterpillar Inc. (NYSE: CAT) which traded up 1.96% at $157.85 in a 52-week range of $125.60 to $173.24. Volume was about 10% above the daily average of around 4.4 million shares.
The Boeing Co. (NYSE: BA) traded up 1.57% at $392.43. The stock’s 52-week range is $254.07 to $394.27, a new high set earlier this afternoon. Volume was about 20% higher than the daily average of around 3 million.
Intel Corp. (NASDAQ: INTC) traded up 1.25% at $48.70. The 52-week range on the stock is $38.86 to $57.60. Volume was about 40% above the daily average of around 23.4 million.
Apple Inc. (NASDAQ: AAPL) traded up 1.21% at $232.05. The stock’s 52-week range is $150.24 to $233.47, a new high set this morning. Volume was about 15% below the daily average of around 28.2 million shares.
Of the Dow stocks, 12 were set to close higher Wednesday and 18 were on track to close lower.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
