The 4 Stocks That Buttressed the Market
thinkstockJune 9, 2014: Markets opened mixed on Monday before turning positive shortly after the opening. The S&P 500 and the DJIA dipped briefly into the red on some profit-taking in the mid-afternoon, but equities are holding on to slim gains…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
June 9, 2014: Markets opened mixed on Monday before turning positive shortly after the opening. The S&P 500 and the DJIA dipped briefly into the red on some profit-taking in the mid-afternoon, but equities are holding on to slim gains for the day. Shortly before the closing bell the DJIA traded up 0.11% for the day, the S&P 500 was up 0.07%, and the Nasdaq Composite traded up 0.31%.
Today’s big gainer among the Dow 30 was The Walt Disney Co. (NYSE: DIS). The Mouse House’s stock traded at $85.47, up 1.02% in a 52-week range of $60.41 to $85.86, a new 52-week high. Share volume was about 35% lower than the daily average of around 6.5 million shares traded. Disney’s latest film, Maleficent, finished its second week of release with a two-week box office total of more than $127 million.
General Electric Co. (NYSE: GE) traded up 0.96% today at $27.43 in a 52-week range of $22.76 to $28.09. Volume was about 15% below the daily average of nearly 28 million shares. GE said today that it had invested in a Japanese solar project.
Defense company United Technologies Corp. (NYSE: UTX) traded up 0.97% today at around $120.06 in a 52-week range of $90.30 to $120.66. Volume was about 25% below the daily average of around 3.2 million shares traded. The firm was awarded two federal contracts today worth about $125 million.
JPMorgan Chase & Co. (NYSE: JPM) traded higher by 0.81% at $57.44 in a 52-week range of $50.06 to $61.48. The bank made some changes in its European operations over the weekend and that could have been the catalyst for today’s share price rise. Volume was about 40% below the daily average of nearly 18 million shares traded.
Of the Dow 30 stocks 12 looked to close higher today while 17 were on their way to a lower finish and one remained flat.
ALSO READ: America’s Nine Most Damaged Brands
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.