November 2, 2015: Markets opened higher on Monday and added strength as the day drew to a close. Healthcare and energy stocks carried the weight today even though WTI crude oil for December delivery settled at $46.14 a barrel, down 1% on the day. Gold settled at $1,135.90, down 0.5% for the day and its lowest level in a month. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 0.90% for the day, the S&P 500 traded up 1.16%, and the Nasdaq Composite traded up 1.36%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Chevron Corp. (NYSE: CVX) which traded up 4.70% at $95.18. The stock’s 52-week range is $69.58 to $119.97. Trading volume was nearly equal to the daily average of about 12 million. The company had no specific news today, but some encouraging words from a report a Barron’s gave made up for today’s drop in crude oil prices.
Pfizer Inc. (NYSE: PFE) traded up 3.77% at $35.11. The stock’s 52-week range is $28.47 to $36.46. Volume was about 20% above the daily average of about 28 million shares traded. The drug company also received some approving coverage from Barron’s.
Exxon Mobil Corp. (NYSE: XOM) traded up 3.22% at $85.41. The stock’s 52-week range is $66.55 to $97.20. Trading volume was less than 10% below the daily average of about 16 million. Like Chevron, the company had no specific news today, but was included in the Barron’s report.
3M Company (NYSE: MMM) traded up 1.69% at $159.86. The stock’s 52-week range is $134.00 to $170.50. Trading volume was about 10% below the daily average of around 2.8 million. The company had no specific news today.
Of the Dow 30 stocks 25 are set to close higher today and 5 are on track to close higher.