The 4 Stocks That Lifted the Dow on Tuesday

Investing

Published: May 10, 2016 4:01 pm

Last Updated: January 13, 2020 9:36 am

May 10, 2016: Markets opened higher on Tuesday on chatter that Japan may intervene in the foreign exchange markets if the yen continues to slide. But oil prices again appeared to dominate the futures market in advance of the opening bell. Basic materials, energy, and financials were the top three sectors Tuesday, and every sector traded higher shortly before the close. WTI crude oil for June delivery settled at $44.66 a barrel, up about 2.8% for the day. June gold fell 0.1% on the day to settle at $1,264.80. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 1.23% for the day, the S&P 500 traded up 1.20%, and the Nasdaq Composite traded up 1.20%.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was
The Goldman Sachs Group Inc. (NYSE: GS) traded up 2.53% at $161.49. The stock’s 52-week range is $139.05 to $218.77. Trading volume was about half the daily average of around 4 million. The financial giant had no specific news Tuesday.

Caterpillar Inc. (NYSE: CAT) which traded up 2.50% at $72.55. The stock’s 52-week range is $56.36 to $89.62. Trading volume was about 15% below the daily average of around 6.1 million. The heavy equipment maker had no specific news Tuesday, but the stock has tracked oil prices for some time now.

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General Electric Co. (NYSE: GE) traded up 2.19% at $30.53. The stock’s 52-week range is $19.37 to $32.05. Volume was about 40% below the daily average of around 34 million shares. The company acquired a Korea-based combined-cycle heat and power plant provider this morning for $250 million.

United Technologies Corp. (NYSE: UTX) traded up 2.14% at $102.23. The stock’s 52-week range is $83.39 to $119.66. Volume was about half the daily average of around 5.6 million shares. The company had no specific news on Tuesday.

Of the Dow 30 stocks 28 are set to close higher Tuesday and 2 are on track to close lower.

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