March 30, 2015: Markets opened higher on Monday on news that China may loosen lending requirements on second homes and last week’s comments by Fed chairwoman Janet Yellen that the Fed will act cautiously when the time comes to raise interest rates. Shortly before the closing bell the DJIA traded up 1.50% for the day, the S&P 500 traded up 1.23%, and the Nasdaq Composite traded up 1.13%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was JPMorgan Chase & Co. (NYSE: JPM) which traded higher by 2.9% at $61.28. The stock’s 52-week range is $52.97 to $63.49. Trading volume was about 10% below the daily average of around 18 million shares. The company had no specific news today.
Chevron Corp. (NYSE: CVX) traded up 2.68% at $107.07. The stock’s 52-week range is $98.88 to $135.10. Trading volume was about 30% below the daily average of around 8.6 million shares. The company today announced that it had concluded the sale of its stake in Caltex Australia Ltd. Crude oil prices also rose a bit today.
The Boeing Co. (NYSE: BA) traded up 2.59% at $152.71. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 65% below the daily average of around 4.5 million shares. The company took an order for 20 new 737s today.
Apple Inc. (NASDAQ: AAPL) traded up 2.47% at $126.29. The stock’s 52-week range is $73.05 to $133.60. Trading volume was about 30% below the daily average of around 58 million shares. The company had no specific news today.
Of the Dow 30 stocks 28 are set to close higher today and just 2 are on track to close lower.
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