Source: 247wallst.com --- Thursday, October 19, 2017
October 19, 2017: Markets opened Lower Thursday but the indexes have been creeping toward the break-even line steadily and must may make it by the closing bell. A report on low volumes of the iPhone 8 has hurt Apple and the tech sector which, along with consumer staples, led the losses. Utilities and telecom may have posted large enough gains to carry equities to a much better close than the opening. WTI crude oil for November delivery settled at $51.29 a barrel, down 1.4% on the day, following a mixed report on oil inventories. December gold added 0.6% on the day to settle at $1,290.00. Equities were headed for a narrowly lower close shortly before the bell as the DJIA traded down 0.02% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite traded down 0.38%. Equity indexes traded very near the break-even line just minutes before the closing bell. The closing tally could show either a small gain or a small loss for any of the indexes. The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was Apple Inc. (NASDAQ: AAPL) which traded down 2.51% at $155.75. The stock’s 52-week range is $104.08 to $164.94. Volume was about 15% higher than the daily average of around 27 million shares. Reports of slow sales of the iPhone 8 hit the stock hard this morning. The Procter & Gamble Co. (NYSE: PG) traded down 0.58% at $91.54. The stock’s 52-week range is $81.18 to $94.67. Volume was a little highe ...
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