The 4 Stocks That Lifted the Market

Investing

Published: June 18, 2014 4:01 pm

Last Updated: April 28, 2020 6:13 am

June 18, 2014: Markets opened lower on Tuesday and spent most of the day waiting to see what the FOMC would do and say. After the announcement equities got the wind at their backs and pushed solidly higher. Shortly before the closing bell the DJIA traded up 0.56% for the day, the S&P 500 was up 0.77%, and the Nasdaq Composite traded up 0.62%.

Consumer products led the DJIA higher again today as The Coca-Cola Co. (NYSE: KO) posted another solid gain among the 30 index stocks. Shares traded up 1.39% today at $41.49 in a 52-week range of $36.83 to $41.53, a new high set today. Volume was about 10% above the daily average of nearly 14 million shares. There was no news today.

Nike Inc. (NYSE: NKE) traded higher today, up 1.48% at around $76.20 in a 52-week range of $59.11 to $80.26. Volume was about 15% higher than the daily average of around 3.6 million shares traded. A trademark ruling today cancelled the Washington NFL team’s “Redskins” trademark, but the effect on Nike and other sports gear suppliers is not clear.

Chevron Corp. (NYSE: CVX) also posted a new 52-week high of $130.50 today and traded higher by 1.18% at $130.36 shortly before the closing bell. The stock’s 52-week low is $109.27. Volume was about equal to the daily average of around 5.6 million shares traded. The rising price of crude due to the turmoil in Iraq has given Chevron and other producers a bit of a boost in the last week.

Wal-Mart Stores Inc. (NYSE: WMT) traded at $75.66, up 0.89% in a 52-week range of $71.51 to $81.37. Share volume was about 10% lower than the daily average of around 6 million shares traded. The company had no news today.

Of the Dow 30 stocks all 30 looked to close higher today.

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