October 5, 2015: Markets opened higher on Monday and followed a trend line higher all day. The reports on non-manufacturing PMI were weaker than expected, but both Asian and European markets traded higher today. Crude oil settled at $46.26 a barrel, up 1.6% for the day, and gold closed higher as well, up 0.1% higher at $1,137.60. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 1.84% for the day, the S&P 500 traded up 1.80%, and the Nasdaq Composite traded up 1.50%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was General Electric Co. (NYSE: GE) which traded up 5.48% at $26.87. The stock’s 52-week range is $19.37 to $28.68. Trading volume was more than double the daily average of around 36.5 million. Nelson Peltz’s Trian Management revealed a $2.5 billion investment in GE this morning.
Caterpillar Inc. (NYSE: CAT) traded up 5.33% at $69.20. The stock’s 52-week range is $62.99 to $107.12. Trading volume was about equal to the daily average of around 7.5 million. The company had no specific news today.
Cisco Systems Inc. (NASDAQ: CSCO) traded higher by 4.5% at $26.92. The stock’s 52-week range is $22.49 to $30.31. Trading volume was about 20% below the daily average of around 28 million. The company had no specific news today.
American Express Co. (NYSE: AXP) traded up 3.94% at $77.34. The stock’s 52-week range is $90.83 to $110.49. Trading volume was about 20% above the daily average of around 2 million. The company had no specific news today.
Of the Dow 30 stocks 29 are set to close higher today and just 1 (Nike) is on track to close higher.
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