Today’s big gainer among the Dow 30 was Caterpillar Inc. (NYSE: CAT) which traded at $103.91, up 1.64% in a 52-week range of $80.86 to $108.21. Share volume was about 35% lower than the daily average of nearly 5 million shares traded. The government report on new construction spending showed a gain in April, and construction equipment sales has been Cat’s only bright spot for a while now.
United Technologies Inc. (NYSE: UTX) was the second-leading gainer on the DJIA today. Shares of the conglomerate traded higher by 1.10% at $117.50 in a 52-week range of $90.30 to $120.66. The company’s aerospace business is strong and it also has some exposure to the construction business. Share volume today was around 35% lower than the daily average of about 3 million shares.
Home improvement giant The Home Depot Inc. (NYSE: HD) posted a gain of 0.88% today and traded at $80.94 in a 52-week range of $72.21 to $83.20. Volume was about 30% below the daily average of around 6.6 million shares. The company’s A+ rating at thestreet.com was reiterated this morning and again, strength in the constructio business is good for Home Depot.
Johnson & Johnson (NYSE: JNJ) had no news today but was among the stronger Dow 30 performers. Shares rose 0.77% to $102.24 in a 52-week range is $71.51 to $81.37. Volume was about 40% of the daily average of 7.7 million shares traded.
Of the Dow 30 stocks 24 looked to close higher today while 5 were on their way to a lower finish and one was set to finish dead flat.
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