July 9, 2014: Markets opened mixed on Wednesday following a lower close on Tuesday. The afternoon release of the minutes from the June FOMC meeting boosted the blue chips briefly to daily highs. Shortly before the closing bell the DJIA traded up 0.40% for the day, the S&P 500 traded up 0.40%, and the Nasdaq Composite traded up 0.55%.
Today’s big gainer among the Dow 30 stocks was The Walt Disney Co. (NYSE: DIS) which traded up 1.5% at $87.16 today, in a 52-week range of $60.41 to a new 52-week high of $87.29. Volume was about 25% below the daily average of around 6.3 million shares traded. The company is getting a boost from the strong interest Americans have in watching the World Cup soccer matches on Disney-owned ABC and ESPN networks.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.48% at $25.44. The stock’s 52-week range is $20.22 to $26.49. Volume was about 20% below the daily average of around 32 million shares traded. There was no news on Cisco today, but the stock moved about 4-times higher than the tech sector as a whole.
The Procter & Gamble Co. (NYSE: PG) traded up 1.44% at $81.72. The stock’s 52-week range is $73.61 to $85.82. Share volume was about 35% above the daily average of around 7.5 million shares traded. The company had no news today.
Chevron Corp. (NYSE: CVX) traded higher by 1.24% at $131.52. The stock’s 52-week range is $109.27 to $133.57. Volume was about 25% lower than the daily average of around 5.8 million shares traded. Again, there was no news on the company today, and oil & gas stocks rose about 0.5% as a group today.
Of the Dow 30 stocks 23 are set to close higher today and just 7 looked to close lower.
Top Gaining Stocks
Top Losing Stocks