August 25, 2017: Markets opened higher again Friday, but gains were hit quickly following Fed chairwoman Janet Yellen’s remarks. Equities pulled out of the slide, however, and look to be set for a higher close. Telecom and energy stocks posted the largest gains, but all sectors were trading higher for the day. WTI crude oil for October delivery settled at $47.87 a barrel, up about 0.9% for the day, finishing the week down 1.6%. December gold added 0.5% on the day to settle at $1,297.90, its highest settlement since June and up 0.5% for the week. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.27% for the day, the S&P 500 traded up 0.30%, and the Nasdaq Composite traded up 0.01%.
The DJIA stock posting the largest daily percentage gain ahead of the close Friday was The Home Depot Inc. (NYSE: HD) which traded up 1.18% at $150.00. The stock’s 52-week range is $119.20 to $160.86. Volume was about half the daily average of around 4.9 million shares. The company had no specific news.
Verizon Communications Inc. (NYSE: VZ) traded up 1.07% at $48.83. The stock’s 52-week range is $42.80 to $54.83. Volume was less than half the daily average of around 14.5 million. The company had no specific news Friday.
The Walt Disney Co. (NYSE: DIS) traded up 1.01% at $102.54. The stock’s 52-week range is $90.32 to $116.10. Volume was about 35% below the daily average of around 7.4 million shares. The company had no specific news.
General Electric Co. (NYSE: GE) traded up 0.97% at $24.53. The stock’s 52-week range is $24.30 to $32.38. Volume was about 40% below to the daily average of around 38 million shares. The company had no specific news.
Of the Dow stocks, 25 are on track to close higher Friday and 5 are set to close lower.