Nike, Caterpillar Lead DJIA Higher on Friday

June 30, 2017 by Paul Ausick

June 30, 2017: Markets opened higher Friday on the last day of the second quarter following some good earnings news from a DJIA component and some decent, if not thrilling, economic news. Every S&P sector was trading in the green late in the afternoon, with industrials, materials, and energy leading the pack. WTI crude oil for August delivery settled at $46.04 a barrel, up 2.5% on the day but down 14% for the first half of the year. August gold dropped 0.3% on the day to settle at $1,242.30 but up about 7.9% for the first half of 2017. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.55% for the day, the S&P 500 traded up 0.48%, and the Nasdaq Composite traded up 0.24%.

The DJIA stock posting the largest daily percentage gain ahead of the close Friday was Nike Inc. (NYSE: NKE) which traded up 10.96% at $59.00. The stock’s 52-week range is $49.01 to $60.33. Volume was about 4 times the daily average of around 11.2 million. As noted, the athletic gear maker posted strong quarterly results on Thursday evening.

Caterpillar Inc. (NYSE: CAT) traded up 2.11% at $107.87. The stock’s 52-week range is $73.46 to $108.18. Volume was about 40% below the daily average of around 5 million shares. The company had no specific news.

American Express Co. (NYSE: AXP) traded up 1.03% at $84.50. The stock’s 52-week range is $58.25 to $85.39. Volume was about 30% below the daily average of around 3.5 million shares. The company had no specific news Friday, but could still be getting a boost from a dividend hike and a $4.4 billion stock buyback announced earlier this week.

Intel Corp. (NASDAQ: INTC) traded up 0.95% at $33.86. The stock’s 52-week range is $32.38 to $38.45. Volume was around 15% below the daily average of about 21.7 million shares. The company had no specific news Friday.

Of the Dow stocks, 25 are on track to close higher Friday and 5 are set to close lower.

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.