Goldman Sachs, Microsoft Push DJIA Higher Thursday
Goldman Sachs, Microsoft, Apple, and Boeing boosted the DJIA to new highs on Thursday.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
October 5, 2017: Markets opened higher Thursday and nothing appears able to stop record-setting day after record-setting day. Economic numbers out today were solid and that helped while tomorrow we get the report on non-farm payrolls. Financials and tech were Thursday’s best performing sectors while utilities lagged. WTI crude oil for November delivery settled at $50.79 a barrel, up 1.6% on the day. December gold dropped 0.3% on the day to settle at $1,273.20. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.47% for the day, the S&P 500 traded up 0.55%, and the Nasdaq Composite traded up 0.75%.
The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was The Goldman Sachs Group Inc. (NYSE: GS) which traded up 2.29% at $245.81. The stock’s 52-week range is $164.82 to $255.15. Volume was equal to the daily average of around 2.8 million. The investment bank had no specific news.
Microsoft Corp. (NASDAQ: MSFT) traded up 1.77% at $76.01. The stock’s 52-week range is $56.32 to $76.11, a new high set today. Volume was about 20% below the daily average of around 20.2 million shares. The company had no specific news.
[nativounit]
Apple Inc. (NASDAQ: AAPL) traded up 1.19% at $155.32. The stock’s 52-week range is $104.08 to $164.94. Volume was about 40% below the daily average of around 27.7 million shares. The company had no specific news today.
The Boeing Co. (NYSE: BA) traded up 1.00% at $258.31. The stock’s 52-week range is $131.39 to $259.30. Volume was about 30% below the daily average of around 3.8 million shares. The reported third-quarter deliveries today that improve its chances of reaching its estimated full-year total of around 760 new commercial jets..
Of the Dow stocks, 21 are on track to close higher Thursday and 9 are set to close lower.
[recirclink id=416812]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
