August 11, 2017: Markets opened higher Friday and equities traded in the green for the entire day. Inflation remains low and traders may be thinking that the Fed may put a hold on its plans to raise rates again. Tech and consumer discretionary stocks set the pace for gains while utilities and energy brought up the rear. WTI crude oil for September delivery settled at $48.82 a barrel, up 0.5% for the day and down 1.5% for the week. December gold added 0.3% on the day to settle at $1,294.00, ending the week up 2.3%. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.10%for the day, the S&P 500 traded up 0.15%, and the Nasdaq Composite traded up 0.63%.
The DJIA stock posting the largest daily percentage gain ahead of the close Friday was Microsoft Corp. (NASDAQ: MSFT) traded up 1.50% at $72.48. The stock’s 52-week range is $55.61 to $74.42. Volume was about 35% below the daily average of around 25 million. The software giant had no specific news.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.37% at $31.42. The stock’s 52-week range is $29.12 to $34.60. Volume was about 25% below the daily average of around 21.5 million shares. The network equipment giant had no specific news.
Apple Inc. (NASDAQ: AAPL) which traded up 1.22% at $157.21. The stock’s 52-week range is $102.53 to $161.83. Volume was about 15% lower than the daily average of around 27 million shares. The company had no specific news.
The Boeing Co. (NYSE: BA) traded up 0.82% at $234.81. The stock’s 52-week range is $126.31 to $246.49. Volume was about 30% below the daily average of around 3.4 million shares. The company had no news.
Of the Dow stocks, 15 are on track to close higher Friday and 15 are set to close lower.