Pfizer, Goldman Sachs Lift DJIA Tuesday
September 12, 2017 by Paul AusickSeptember 12, 2017: Markets opened higher again Tuesday after posting solid gains on Monday. The report on job openings indicated that more than 1.6 million jobs are open. Apple’s big iPhone and other product announcements didn’t help the stock or the markets in the last hour of trading. Telecom and energy stocks were leading gainers today, while utilities and real estate lagged. WTI crude oil for October delivery settled at $48.23 a barrel, up 0.3% on the day. December gold dropped 0.2% to settle at $1,332.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.20% for the day, the S&P 500 traded up 0.25%, and the Nasdaq Composite traded up 0.24%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Pfizer Inc. (NYSE: PFE) which traded up 3.06% at $35.37. The stock’s 52-week range is $29.83 to $35.75, a new high posted earlier today. Volume was nearly 80% above the daily average of around 17 million shares. The company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 2.17% at $225.86. The stock’s 52-week range is $157.77 to $255.15. Volume was about equal to the daily average of around 3 million. The bank outlined a strategy today that is intended to drive an additional $5 billion in annual revenues.
Caterpillar Inc. (NYSE: CAT) traded up 1.57% at $120.74. The stock’s 52-week range is $79.93 to $121.39, and the high was posted this afternoon. Volume was around 10% above the daily average of about 3.9 million shares. The company had no specific news.
JPMorgan Chase & Col (NYSE: JPM) traded up 1.30% at $90.96. The stock’s 52-week range is $65.11 to $95.22. Volume was about 15% below the daily average of around 13 million shares. The big bank had no specific news.
Just one more note on Apple Inc. (NASDAQ: AAPL) following its product announcements: shares traded down about 0.53% at $160.65 minutes before the closing bell.
Of the Dow stocks, 19 are on track to close higher Tuesday and 11 are set to close lower.
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