DowDupont, Goldman Sachs Weigh Down the Dow Monday
October 22, 2018: Markets opened higher on Monday but quickly took a turn for the worse in the opening hours. However, the Dow and the S&P looked like they could make it back to positive territory by the end of…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
October 22, 2018: Markets opened higher on Monday but quickly took a turn for the worse in the opening hours. However, the Dow and the S&P looked like they could have made it back to positive territory by the end of the day but ultimately fell short. On the positive side, technology (up 0.8%) was the strongest sector, although it was outweighed by financials (down 2.1%) pushing for the negative.
WTI crude oil ended the day at $69.25 a barrel, up 0.2% for the session. Gold dropped about 0.3% to settle at $1,225.30. Equities saw a mixed close as the Dow traded down 0.50% for the day, the S&P 500 traded down 0.43%, and the Nasdaq Composite traded up 0.26%.
Bitcoin traded down 0.5% for the day to settle at $6,475.06, after opening at $6,509.87 this morning. The range on the day way $6,460.38 to $6,531.23.
[nativounit]
The Dow stock posting the largest daily percentage loss ahead of the close Monday was DowDuPont Inc. (NYSE: DWDP) which traded down 2.5% at $56.07. The stock’s 52-week range is $55.77 to $77.08. Volume was about 10 million, just above the daily average of around 8.6 million.
The Goldman Sachs Group, Inc. (NYSE: GS) traded down 2.3% at $221.66 in a 52-week range of $210.95 to $275.31. Volume was about 2.3 million, slightly below the daily average of around 2.7 million shares.
American Express Co. (NYSE: AXP) traded down 1.9% at $104.71. The stock’s 52-week range is $87.54 to $111.77. Volume was 3.3 million, just slightly above the daily average of around 3.0 million shares.
United Technologies Corp. (NYSE: UTX) traded down 1.8% at $126.42. The 52-week range on the stock is $115.40 to $144.15. Volume was 4.8 million, compared to the daily average of around 3.7 million.
Of the Dow stocks, 19 were set to close lower Monday and 11 were on track to close higher.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
