Apple, JPMorgan Boost DJIA on Monday
Apple, JPMorgan, Goldman Sachs, and Nike led the DJIA higher on Monday.
June 19, 2017: Markets opened higher Monday as tech and healthcare stocks carry the day. Th energy, telecom, and utilities lagged on Monday. No significant economic news was released today nor is any expected until Wednesday’s reports on existing homes and crude oil inventories. WTI crude oil for July delivery settled at $44.20 a barrel, down 1.2% for the day. August gold dropped 0.8% for the day to settle at $1,246.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.62% for the day, the S&P 500 traded up 0.78%, and the Nasdaq Composite traded up 1.38%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Apple Inc. (NASDAQ: AAPL) which traded up 2.71% at $146.12. The stock’s 52-week range is $91.50 to $156.65. Volume was less than 10% below the daily average of around 27 million shares. The company had no specific news Monday.
JPMorgan Chase & Co. (NYSE: JPM) traded up 2.21% at $88.08. The stock’s 52-week range is $57.05 to $93.98. Volume was about 30% above the daily average of around 15 million. The company had no specific news.
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The Goldman Sachs Group Inc. (NYSE: GS) traded up 2.09% at $226.44. The stock’s 52-week range is $138.20 to $255.15. Volume was about 30% lower than the daily average of around 3.8 million shares. The investment bank had no specific news.
Nike Inc. (NYSE: NKE) traded up 1.63% at $51.94. The stock’s 52-week range is $49.01 to $60.33. Volume was about 20% below the daily average of around 10 million shares. The company had no specific news Monday.
Of the Dow stocks, 21 are on track to close higher Monday and 9 are set 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.
