Intel, Goldman Sachs Push the Dow Higher Tuesday

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August 21, 2018: Markets opened higher again Tuesday and all three major indexes are once more looking to close the day in the green. The S&P 500 posted a new intraday high just one day ahead of the trading session that will mark the longest ever, uninterrupted bull market in history. Energy and ¬†telecom stocks led Tuesday’s run higher while defensive stocks lagged.

WTI crude oil for September delivery settled at $67.35 a barrel, up 1.4% on its expiration day. October crude closed up 0.6% at $65.84 a barrel. December gold added 0.5% to settle at $1,200.00. Equities were heading for a higher close about 10 minutes before the bell as the Dow traded up 0.29% for the day, the S&P 500 traded up 0.24%, and the Nasdaq Composite traded up 0.49%.

Bitcoin futures (XBTU8) for September delivery traded at $6,435, down about 0.3% on the CBOE after opening at $6,395 this morning. The trading range today was $6,205 to $6,465.

The Dow stock posting the largest daily percentage gain ahead of the close Tuesday was Intel Corp. (NASDAQ: INTC) which traded up 2.49% at $47.66 in a 52-week range of $34.38 to $57.60. Volume was about 40% below the daily average of around 25.8 million shares.

The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.50% at $239.31. The stock’s 52-week range is $214.64 to $275.31. Volume was about 30 % below the daily average of around 2.9 million shares.

The Home Depot Inc. (NYSE: HD) traded up 1.21% at $200.32. The stock’s 52-week range is $147.43 to $207.61. Volume was about 35% below the daily average of around 4 million.

American Express Co. (NYSE: AXP) traded up 1.14% at $104.99. The 52-range on the stock is $84.02 to $105.25, and the high was posted today. Volume was about 25% below the daily average of 3.4 million.

Of the Dow stocks, 19 were set to close higher Tuesday and 11 were on track to close lower.