Apple, American Express Buoy DJIA on Tuesday

September 26, 2017 by Paul Ausick

September 26, 2017: Markets opened higher Tuesday but gave back much of the early gain after a report that new home sales dropped in August as prices rose again. A report on consumer confidence came in above estimates but below July’s index. Today’s best performing sector was tech while telecom lagged. WTI crude oil for November delivery settled at $51.88 a barrel, down 0.7% on the day. December gold dropped 0.8% to settle at $1,301.70. Equities were headed for a slightly higher close shortly before the bell as the DJIA traded up 0.07% for the day, the S&P 500 traded up 0.15%, and the Nasdaq Composite traded up 0.33%.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded up 2.08% at $153.68. The stock’s 52-week range is $104.08 to $164.94. Volume was about 10% above the daily average of around 27.8 million shares. The company had no specific news.

American Express Co. (NYSE: AXP) traded up 0.57% at $88.70. The stock’s 52-week range is $59.50 to $89.38. Volume was about half the daily average of around 3.2 million. The company had no specific news Tuesday.

International Business Machines Corp. (NYSE: IBM) traded up 0.56% at $146.68. The stock’s 52-week range is $139.13 to $183.79. Volume was about 30% below the daily average of around 3.9 million shares. The company introduced a new high-performance data science system today.

UnitedHealth Group Inc. (NYSE: UNH) traded up 0.52% at $192.75. The stock’s 52-week range is $133.03 to $200.76. Volume was about 20% below the daily average of around 2.6 million shares. The company had no specific news Tuesday.

Of the Dow stocks, 17 are on track to close higher Tuesday and 13 are set to close lower.

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