The 4 Stocks That Dominated the Dow on Wednesday
thinkstockSeptember 30, 2015: Markets opened higher on Wednesday and the DJIA maintained a triple-digit point gain for the whole day. The ADP employment report was in-line with expectations and suggests no big surprises for the “official” report from the Bureau…
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September 30, 2015: Markets opened higher on Wednesday and the DJIA maintained a triple-digit point gain for the whole day. The ADP employment report was in-line with expectations and suggests no big surprises for the “official” report from the Bureau of Labor Statistics. U.S. crude oil inventories swelled by 4 million barrels last week and that led to a close at $45.09 per barrel, down 0.3% for the day and a whopping 24% for the month of September. Gold as settled lower today, down 1% today, down 1.5% for the month, and down 4.8% for the quarter. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 1.41% for the day, the S&P 500 traded up 1.83%, and the Nasdaq Composite traded up 2.13%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Chevron Corp. (NYSE: CVX) which traded up 3.48% at $78.90. The stock’s 52-week range is $69.58 to $120.51. Trading volume was about 15% lower than the daily average of around 11 million. The super-major integrated oil company had no specific news today.
Intel Corp. (NASDAQ: INTC) traded up 3.15% at $30.16. The stock’s 52-week range is $24.87 to $37.90. Trading volume was about 15% below the daily average of around 35 million. The company had no specific news today
The Walt Disney Co. (NYSE: DIS) traded up 2.83% at $102.23. The stock’s 52-week range is $78.54 to $122.08. Trading volume was about half the daily average of around 11.3 million. The company had no specific news today.
General Electric Co. (NYSE: GE) traded higher by 2.65% at $25.22. The stock’s 52-week range is $19.37to $28.68. Trading volume was about 30% below the daily average of around 36 million. The company had no specific news today.
Of the Dow 30 stocks 28 are set to close higher today and just 2 (PG and VZ) 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.
