P&G, Cisco Lead DJIA Higher Thursday

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September 22, 2016: Markets opened higher again Thursday, wallowing in the Fed decision to leave interest rate alone until at least December. All equity sectors traded in the green late in the day, led by the new real-estate group and the telecoms. WTI crude oil for November delivery settled at $46.32 a barrel, up 2.2% for the day. December gold closed up 1% on the day to settle at $1,344.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up by 0.62% for the day, the S&P 500 traded up 0.71%, and the Nasdaq Composite traded up 0.89%.

The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was The Procter & Gamble Co. (NYSE: PG) which traded up 1.53% at $89.14. The stock’s 52-week range is $69.74 to $89.30, and the high was posted late this afternoon. Volume was nearly 4 times the daily average of around 11 million shares. The company had no specific news.

United Technologies Corp. (NYSE: UTX) traded up 1.16% at $103.14. The stock’s 52-week range is $83.39 to $109.83. Volume was about 15% below the daily average of around 3.4 million shares. Airbus today expressed confidence in UTC’s ability to meet engine deliveries for the new A320neo.

Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.12% at $31.71. The stock’s 52-week range is $22.46 to $31.95. Volume was about 35% below the daily average of around 23 million shares. The networking giant plans to team up with Salesforce on cloud computing service offerings.

The Walt Disney Co. (NYSE: DIS) traded up 1.08% at $93.39. The stock’s 52-week range is $86.25 to $120.65. Trading volume was about 25% below the daily average of around 7.5 million. The media and theme park company had no specific news Thursday.

Of the 30 Dow index stocks 27 are on track to close higher Thursday and 3 are set to close lower.