Boeing, Goldman Sachs Dominate DJIA on Tuesday

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December 12, 2017: Markets opened mixed again Tuesday but this time the Nasdaq was the laggard. Tomorrow might see a little more action because we’re scheduled to see the latest consumer price index and to hear what the Fed is going to do with the policy rate. The utilities sector was sharply down today while leaders included telecom and financials. WTI crude oil for January delivery settled at $57.14 a barrel, down 1.5% for the day. February gold dropped 0.4% on the day to settle at $1,241.70. Equities were headed for a mixed close shortly before the bell as the DJIA traded up 0.55% for the day, the S&P 500 traded up 0.21%, and the Nasdaq Composite traded down 0.14%.

Bitcoin futures for January settled at $18,545 on the CBOE after opening at $18,450 this morning.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) which traded up 3.08% at $257.83. The stock’s 52-week range is $209.62 to $258.20. The high was posted this afternoon. Volume was slightly above the daily average of around 2.6 million shares. The investment bank had no specific news, but an expected Fed rate hike is good news for banks.

The Boeing Co. (NYSE: BA) traded up 2.83% at $291.18. The stock’s 52-week range is $9153.06 to $292.80. The high was posted this morning. Volume was about 20% higher than the daily average of around 3.2 million shares. The company raised its dividend and launched a new $14 billion share buyback program.

Verizon Communications Inc. (NYSE: VZ) traded up 2.60% at $53.19. The stock’s 52-week range is $42.80 to $54.83. Volume was about about equal to the daily average of around 16.6 million shares. The company struck a deal to stream NFL games next year.

General Electric Co. (NYSE: GE) traded up 1.42% at $17.90. The stock’s 52-week range is $17.46 to $32.38. Volume was about 35% below the daily average of around 74.3 million. The company had no specific news.

Of the Dow stocks, 18 are on track to close higher Tuesday and 12 are set to close lower.