January 16, 2015: Markets opened slightly lower on Friday before turning around about an hour later. Energy stocks led the recovery after a report from the International Energy Agency lowered its estimate of supply growth next year. Gold stocks also traded higher today on the heels of the Swiss decision Thursday to remove the franc’s peg to the euro. Shortly before the closing bell the DJIA traded up 1.09% for the day, the S&P 500 traded up 1.30%, and the Nasdaq Composite traded up 1.35%.
The DJIA stock posting the largest daily gain ahead of the close Tuesday was The Home Depot Inc. (NYSE: HD) which traded up 3.03% at $104.07. The stock’s 52-week range is $73.96 to $106.99. Trading volume was about equal to the daily average of around 5.4 million shares. The company named its CEO as its board chairman today.
Exxon Mobil Corp. (NYSE: XOM) traded up 2.34% at $91.04. The stock’s 52-week range is $86.19 to $104.76. Trading volume was about 15% below the daily average of around 15 million shares. The price of crude rose today and dragged the oil stocks along for the ride.
United Technologies Corp. (NYSE: UTX) traded higher by 2.46% at $116.32. The stock’s 52-week range is $97.30 to $120.66. Trading volume was about equal to the daily average of around 4.4 million shares. The company’s new CEO shook up the management of UTX’s aerospace unit .
International Business Machines Corp. (NYSE: IBM) traded up 1.79% at $157.34. The stock’s 52-week range is $150.50 to $199.21. Trading volume is about 20% below the daily average of around 5.3 million shares. The company had no specific news today.
Of the Dow 30 stocks 27 are set to close higher today and just 3 are on track to close lower.
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