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.
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