Investing

The 5 Stocks That Moved the Market on Friday

stock symbol ticker
Source: thinkstock
December 6, 2013: Markets opened higher Friday morning after a buoyant report on U.S. jobs and employment. All three major indexes held onto the early gains, as the Nasdaq Composite was up 0.73% at the closing bell, while the DJIA and the S&P 500 both closed up more than 1.1%.

Among heavily traded DJIA stocks, Intel Corp. (NASDAQ: INTC) traded more than 40 million shares on Friday, above its daily average volume of around 40 million shares. The stock was upgraded to Buy at Citigroup with a price target of $28 and analysts at Jefferies included Intel in its list of stocks to own when interest rates begin rising. Intel’s shares closed at $24.81, up 2.25%, in a 52-week range of $19.98 to $25.98.

Another DJIA stock leading the way today is General Electric Co. (NYSE: GE), although trading was lighter in the conglomerate’s stock by about half the stock’s average daily volume of 37 million shares. The company also said today it would build a new Global Research Center for oil & gas technology, raising its bet on the company’s future in the sector. GE’s stock closed up 1.81% at $26.93 in a 52-week range of $20.26 to $27.50.

The Boeing Co. (NYSE: BA) opened strong today and peaked just before noon. A report from Reuters indicates that carrier Air Canada is close to a decision on purchasing 60 new single-aisle planes, with the Airbus A320neo and the Boeing 737 MAX the leading contenders. Shares for this Dow 30 stock closed up 1.88% at $135.22 in a 52-week range of $72.68 to $142.00.

A fourth DJIA component, The Procter & Gamble Co. (NYSE: PG) is also posting a nice gain today on lighter than average volume. A story a few days ago that said the company has a leading value share in the Chinese disposable diaper market came on the heels of a loosening of the country’s one-child-per-family rule, and probably added to today’s overall enthusiasm for equities. P&G’s stock closed at $84.51 on Friday, up 2.2% in a 52-week range of $66.83 to $85.82.

E. I. du Pont de Nemours and Company (NYSE: DD) traded only about half its average daily volume of 4 million shares today but shares got a nice boost following a complimentary article in the Financial Times regarding the company’s strategic shift from older businesses to newer, higher margin, higher growth sectors. Dupont’s stock closed at $61.32 on Friday, up 2.01% in a 52-week range of $42.61 to $62.69.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.