November 28, 2017: Markets opened higher Tuesday and, barring a mid-afternoon dip, have traded positively all day. The Senate Finance committee passed the Republican tax bill, furthering bolstering spirits this afternoon. Among the sectors, financials and telecom posted the largest gains while real estate was the only sector to trade in the red. WTI crude oil for January delivery settled at $57.99 a barrel, down 0.2% for the day as investors wait for Thursday’s OPEC meeting. December gold added 30 cents on the day to settle at $1,299.20. Equities were headed for a higher close shortly before the bell as the DJIA traded up 1.09% for the day, the S&P 500 traded up 0.96%, and the Nasdaq Composite traded up 0.40%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was JPMorgan Chase & Co. (NYSE: JPM) which traded up 3.44% at $101.30. The stock’s 52-week range is $78.39 to $102.42. Volume was about 10% above the daily average of around 11.6 million shares. The big bank had no specific news.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 2.20% at $37.68. The stock’s 52-week range is $29.12 to $37.80 and the high was posted this afternoon. Volume was about 30% above the daily average of around 19 million. The network equipment maker had no specific news.
The Travelers Companies Inc. (NYSE: TRV) traded up 1.95% at $133.03. The stock’s 52-week range is $113.18 to $135.71 Volume was within 5% of the daily average of around 1.7 million shares. The insurance company had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.71% at $239.12. The stock’s 52-week range is $209.62 to $255.15. Volume was about equal to the daily average of around 2.6 million shares. The company had no specific news Wednesday.
Of the Dow stocks, 27 are on track to close higher Tuesday and just 3 are set to close lower.