DowDuPont, Home Depot Push the DJIA to a Higher Finish Tuesday

February 6, 2018 by Paul Ausick

February 6, 2018: Markets opened lower for a fourth consecutive session on Tuesday and bounced around the break-even line throughout the day. The blame for Monday’s rout has more or less been laid at the feet of the volatility index, which shot higher Monday but has pulled back about 15% today. Treasury yields pulled back a little Tuesday while the dollar gave up a bit to the euro and the pound.

WTI crude oil for March delivery settled at $63.39 a barrel, down 1.2% for the day. April gold dropped about 0.5% on the day to settle at $1,329.50. Equities were headed for a higher close shortly before the bell as the DJIA traded up 1.74% for the day, the S&P 500 traded up 1.30%, and the Nasdaq Composite traded up 1.65%.

Bitcoin futures for February delivery traded at $7,600, up more than 7% on the CBOE after opening at $7,290 this morning. The digital currency’s trading range for the day was $5,880 to $7,630.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was
DowDuPont Inc. (NYSE: DWDP) which traded up 5.32% at $71.45. The stock’s 52-week range is $59.29 to $77.08. Volume was more than double the daily average of around 7.7 million shares. The company had no specific news.

The Home Depot Inc. (NYSE: HD) traded up 3.66% at $189.82. The stock’s 52-week range is $136.33 to $207.61. Volume was about 95% above the daily average of around 4.8 million. The company had no specific news.

Apple Inc. (NASDAQ: AAPL) traded up 3.72%% at $162.31. The stock’s 52-week range is $130.45 to $180.10. Volume was around 56 million shares, nearly double the daily average of about 30 million. The company is teaming up with Cisco and a pair of European insurance companies to offer a cybersecurity package at a discounted premium for firms that use the Apple-Cisco products.

Cisco Systems Inc. (NASDAQ: CSCO) traded up 3.2%% at $40.02. The stock’s 52-week range is $30.36 to $42.98. Volume was about double the daily average of around 22.6 million shares. The company’s deal with Apple, announced yesterday, probably gave the stock a shot in the arm in Tuesday trading.

Of the Dow stocks, 26 are on track to close higher Tuesday and just 4 are set to close lower.

ALSO READ: Wall Street Takes Differing Big Oil Views on Chevron and Exxon After Bad Earnings Reaction

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