The 4 Stocks That Kept the DJIA Afloat
thinkstockFebruary 4, 2015: Markets opened lower on Wednesday following a weaker than expected report from ADP on employment gains. Crude oil had lost a sharp gain by the time the opening bell rang and ended the session trading down nearly…
February 4, 2015: Markets opened lower on Wednesday following a weaker than expected report from ADP on employment gains. Crude oil had lost a sharp gain by the time the opening bell rang and ended the session trading down nearly 9% on the day following a larger-than-expected build in U.S. inventories.Shortly before the closing bell the DJIA traded flat for the day, the S&P 500 traded down 0.46%, and the Nasdaq Composite traded down 0.27%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was The Walt Disney Co. (NYSE: DIS) which traded up 7.35% at $101.02. The stock’s 52-week range is $70.37 to $101.94, and the high was set today. Trading volume was more than 4-times the daily average of around 7 million shares. The Mouse House clobbered expectations in its quarterly report after markets closed last night.
Visa Inc. (NYSE: V) traded up 2.12% at $265.30. The stock’s 52-week range is $194.84 to $269.32. Trading volume was about 20% above the daily average of around 2.6 million shares. The company had no specific news today.
The Home Depot Inc. (NYSE: HD) traded up 1.56% at $108.91. The stock’s 52-week range is $73.96 to $108.99, a new high posted today. Trading volume was about equal to the daily average of around 5.3 million shares. The company had no specific news today.
Microsoft Corp. (NASDAQ: MSFT) traded higher by 0.4.% at $41.80. The stock’s 52-week range is $35.69 to $50.05. Trading volume was about 10% below the daily average of around 35 million shares. The software giant acquired a small company that builds calendar apps for mobile devices.
Of the Dow 30 stocks 15 are set to close higher today and 15 are on track to close lower.
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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.