November 5, 2018: Markets opened mixed Monday as the Nasdaq Composite failed to generate any positive sentiment until late in the day. But tech sector stocks underperformed all day and ended up being the only sector to be on track to close in the red. Energy, financial services, and defensive stocks all traded higher.
WTI crude oil for December delivery settled at $63.10 a barrel, down just 10 cents for the day. December gold dropped less than 0.1% to settle at $1,232.30 for the day. Equities were heading for a mixed close about 10 minutes before the bell as the Dow traded up 0.75% for the day, the S&P 500 traded up 0.50%, and the Nasdaq Composite traded down 0.46%.
Bitcoin futures (XBTX8) for November delivery traded at $6,387, up 0.62% for the day on the Cboe after opening at $6,405 this morning. The trading range today was $6,365 to $6,440.
The Dow stock posting the largest daily percentage gain ahead of the close Monday was International Business Machines Corp. (NYSE: IBM) which traded up 3.94% at $120.23. The 52-week range on the stock is $114.09 to $171.13. Volume was about 20% higher than the daily average of around 6 million.
Chevron Corp. (NYSE: CVX)) traded up 3.61% at $118.87 in a 52-week range of $108.02 to $133.88. Volume was slightly above the daily average of around 5.6 million shares.
McDonald’s Corp. (NYSE: MCD) traded up 1.92% at $180.15. The stock’s 52-week range is $146.84 to $181.09. Volume was about equal to the daily average of around 3.7 million shares.
Intel Corp. (NASDAQ: INTC) traded up 1.90% at $48.01. The stock’s 52-week range is $42.04 to $57.60. Volume was about 40% below the daily average of around 27.3 million. CEO Ginni Rometty acquired $3 million in company stock in an open market transaction announced this morning.
Of the Dow stocks, 24 were set to close higher Monday and 6 were on track to close lower.