Investing

The 4 Stocks That Lifted the Market

stock symbol ticker
thinkstock
May 12, 2014: Markets opened higher on Monday and rose quickly, remaining at or near all-time highs throughout the day. The DJIA put up a record high today and the S&P 500 was within a point of its all-time high. The Nasdaq Composite was well shy of a high, but techs carried the day and the index posted the biggest gain among the three. Shortly before the closing bell the DJIA traded up 0.71%, the S&P 500 was up 0.97%, and the Nasdaq Composite traded up 1.79%.

The Goldman Sachs Group Inc. (NASDAQ: GS) was the DJIA’s big gainer today and traded up 1.62% at $159.75. The big bank had no specific news today, but a report in the Financial Times over the weekend on growth in the bank’s low-risk asset management unit. The stock’s 52-week range is $147.06 to $181.13. Share volume was about half the daily average of around 3.5 million shares traded.

Another rising stock today was General Electric Co. (NYSE: GE) which traded up 1.4% at $26.79 in a 52-week range of $22.62 to $28.09. Volume was about half the daily average of around 31 million shares. GE has made big strides in its wind energy business which is part of the company’s struggling power and water unit. We may be looking at a turnaround here.

Dow component Nike Inc. (NYSE: NKE) gained 1.58% today and traded at $74.60. The stock’s 52-week range is $5.18 to $12.76. Share volume was about 30% lower than the daily average of around 3.8 million shares traded. The coming World Cup will see more teams wearing Nike gear than any other brand — a first. That’s supposed to translate into more sales.

ALSO READ: America’s Most Unusual Public Companies

Leading the charge among tech stocks today was Facebook Inc. (NASDAQ: FB) which traded up 4.41% today at $59.76 in a 52-week range of $22.67 to $72.59. There was no news on the stock, but momentum was clearly moving the tech sector today. Volume was about 30% below the daily average of around 70 million shares.

Of the Dow 30 stocks 24 looked to close higher today while just 6 were on their way to a lower finish.

ALSO READ: The 15 Highest-Paying Companies in America

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.