The 4 Stocks That Dominated the Market

Investing

Published: May 27, 2014 4:01 pm

Last Updated: April 28, 2020 6:04 am

May 27, 2014: Markets opened higher on Tuesday and the S&P promptly opened above the all-time high close it set on Friday. Before the day was out the S&P 500 had posted an all-time intraday high at $1,912.28 and was looking to close near that level. The Shortly before the closing bell the DJIA traded up 0.07% for the day, the S&P 500 was up 0.61%, and the Nasdaq Composite traded up 1.14%.

Today’s big gainer among the Dow 30 was American Express Co. (NYSE: AXP) which traded up at $91.31, up 2.86% in a 52-week range of $71.47 to $94.35. Share volume was about 10% higher than the daily average of around 3.5 million shares traded. The credit card and financial services company got a boost from an analyst at Morgan Stanley who believes that increased consumer spending is right around the corner. The other financial stocks on the DJIA also performed well today.

The Boeing Co. (NYSE: BA) traded higher by 1.31% to trade at $134.16 in a 52-week range of $96.31 to $144.57. The aerospace giant acquired software maker AerData Group and announced last Friday that it would acquire another software maker, ETS Aviation, both of which make software products that Boeing will offer to its customer under a package called Boeing Edge. Share volume was around 40% lower than the daily average of about 4 million shares.

Intel Corp. (NASDAQ: INTC) showed a gain of 1.58% today and traded at $26.70 in a 52-week range of $21.89 to $27.24. Volume was about 40% below the daily average of around 28 million shares. The company has signed an agreement with Chinese chipmaker Rockchip to produce quad-core processors for low-end Android-based tablets..

Nike Inc. (NYSE: NKE) continued to perform well today, trading up 1.12% at $76.71 just before the closing bell. There was no news on the company today, but as the start of the World Cup tournament draws closer, the impact of Nike’s involvement with the world’s most watched sporting event gains fans. The stock’s 52-week range is $59.11 to $80.26. Volume is about 25% below the daily average of 3.7 million shares.

Of the Dow 30 stocks 20 looked to close higher today while 10 were on their way to a lower finish.

ALSO READ: America’s Most Unusual Public Companies

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!