Wal-Mart, Apple Dominate DJIA Monday

September 12, 2016 by Paul Ausick

September 12, 2016: Markets opened higher Monday, turning away from overseas markets that were still feeling the effects of last Friday’s losses in U.S. markets. Three Fed officials spoke today, with 2 of the 3 counseling patience and prudence before ordering an interest rate hike. The Fed officials’ comments caused a slight dip in equity prices, but not much and not for long. All 10 sectors traded in the green Monday with telecom stocks leading the way. WTI crude oil for October delivery settled at $46.29 a barrel, up 0.9% for the day, even following a mixed report from OPEC this morning. December gold closed down 0.7% on the day to settle at $1,325.60. Equities were headed for a higher close shortly before the bell as the DJIA traded up by 1.33% for the day, the S&P 500 traded up 1.48%, and the Nasdaq Composite traded up 1.63%.

The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Wal-Mart Stores Inc. (NYSE: WMT) which traded up 2.62% at $72.14. The stock’s 52-week range is $70.30 to $73.19. Trading volume was less than 10% below the daily average of around 9.3 million. The world’s largest retailer had no specific news..

Apple Inc. (NASDAQ: AAPL) traded up 2.33% at $105.53. The stock’s 52-week range is $89.47 to $123.82. Volume was about 10% above the daily average of around 33 million shares. The company had no specific news Monday.

The Procter & Gamble Co. (NYSE: PG) traded up 2.16% at $88.10. The stock’s 52-week range is $67.33 to $88.87. Volume was about equal to the daily average of around 9 million shares. The company had no specific news.

The Coca-Cola Co. (NYSE: KO) traded up 2.08% at $43.15. The stock’s 52-week range is $37.85 to $47.13. Volume was about equal to the daily average of around 11.5 million shares. The company had no specific news Monday.

Of the 29 Dow index stocks 29 are on track to close higher Monday and just one (DuPont) is set to close lower.

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