September 8, 2015: Markets opened higher on Tuesday following reports that the Chinese government would pump more liquidity into the equity market. China’s trade data was mixed: the balance rose more than expected as a 5.5% decline in exports was offset by a 13.8% drop in imports. Crude oil for October delivery settled below $46 and gold settled down 40 cents an ounce. Shortly before the closing bell the DJIA traded up 2.36% for the day, the S&P 500 traded up 2.41%, and the Nasdaq Composite traded up 2.63%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Wal-Mart Stores Inc. (NYSE: WMT) which traded higher by 3.77% at $66.30. The stock’s 52-week range is $61.50 to $90.97. Trading volume was about 80% higher than the daily average of around 8.7 million. The company had no specific news today.
General Electric Co. (NYSE: GE) traded up 3.77% at $24.91. The stock’s 52-week range is $19.37 to $28.68. About 33.5 million shares traded hands today, roughly equal to the daily average of about 33.2 million. The industrial giant’s $14 billion acquisition of France’s Alstom was approved today by a European regulator, clearing the way for the deal to close.
Pfizer Inc. (NYSE: PFE) traded up 3.54% at $32.48. The stock’s 52-week range is $27.51 to $36.46. Trading volume was about 20% lower than the daily average of around 24 million. The company had no specific news today.
Intel Corp. (NASDAQ: INTC) traded up 3.23% at $29.44. The stock’s 52-week range is $24.87 to $37.90. Trading volume was about 40% below the daily average of around 34 million. The company received regulatory approval for its $16 billion deal to acquire Altera.
All 30 Dow stocks are on track to close higher today.
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