February 25, 2014: Markets opened slightly higher on Tuesday then bounced around the break-even line right up until the closing bell. Consumer goods, materials, and services tried to keep momentum up, but tech, financials, and telecom were weighing shares down. In the final minutes of trading the DJIA was down 0.22%, the S&P 500 was down 0.21%, and the Nasdaq Composite was down 0.21%.
Today’s big loser among the Dow 30 stocks was The Boeing Co. (NYSE: BA). Shares traded down 2.15% at $126.79 in a 52-week range of $75.14 to $144.57 just ahead of the closing bell. The possible cancellation of the sale of 24 Apache attack helicopters pushed shares down. Boeing’s volume is on track to be about 25% above the daily average of around 5 million shares traded.
The Home Depot Inc. (NYSE: HD) did its best to keep the Dow in the green today. The stock was trading up 3.65% at $80.74, in a 52-week range of $65.49 to $82.57. The home improvement giant reported mixed results today, but raised its dividend 21%. The company’s share volume was about double the daily average of around 6.5 million shares traded.
Among actively traded Nasdaq shares, InterMune Inc. (NASDAQ: ITMN) soared 170.85% today and traded at $37.97, after putting a new top on its 52-week range of $8.21 to $38. 48. The company reported that an experimental drug to treat lung disease showed a significant reduction in the disease’s progression. Trading volume was more than 48-times the daily average of some 1.4 million shares.
Tesla Motors Inc. (NASDAQ: TSLA) was named the overall Top Pick for 2014 cars by Consumer Reports magazine. The stock was already having a good day and just before the bell shares are up 13.03% at $246.00, after posting another 52-week high today to set a new range of $33.80 to $259.20. That’s also an all-time high. Share volume was about 3-times the daily average of nearly 30 million shares traded.
Of the Dow 30 stocks 10 are set to close higher today while 20 are on their way to a lower close.