November 22, 2016: Markets opened higher again Tuesday after all three major indexes closed at new all-time highs on Monday. A report on existing home sales also provided a boost as the number of home sales reached level not seen in nearly 10 years. Counter-cyclical stocks posted the biggest gains today, with telecom and consumer discretionary leading the way. Healthcare stocks sagged most. WTI crude oil for January delivery settled at $48.03 a barrel, down 0.4% on the day. December gold added 0.1% on the day to settle at $1,211.20. Equities were headed for a higher close before the bell as the DJIA traded up 0.44% for the day, the S&P 500 traded up 0.26%, and the Nasdaq Composite traded up 0.31%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Verizon Communications Inc. (NYSE: VZ) which traded up 2.45% at $49.49. The stock’s 52-week range is $43.79 to $56.95. Volume was about 25% above the daily average of around 13.8 million shares. The company had no specific news Tuesday.
The Home Depot Inc. (NYSE: HD) traded up 2.23% at $131.08. The stock’s 52-week range is $109.62 to $139.00. Trading volume was about 20% below the daily average of around 5.2 million. The home improvement retailer had no specific news.
The Boeing Co. (NYSE: BA) traded up 1.67% at $149.48. The stock’s 52-week range is $102.10 to $150.09. Volume was about 15% below the daily average of around 3.5 million shares. The aircraft maker announced an executive change late Monday.
Intel Corp. (NASDAQ: INTC) traded up 1.37% at $35.46. The stock’s 52-week range is $27.68 to $38.36. Volume was about 25% lower than the daily average of around 21.7 million shares. The semiconductor maker had no specific news Tuesday.
Of the Dow 30 stocks 24 are on track to close higher Tuesday and 6 are set to close lower.
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