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Investing

The 4 Stocks That Drove the Market

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By Paul Ausick Updated Published
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June 25, 2014: Markets opened lower for a third straight day on Wednesday, but led by tech and healthcare stocks equities headed higher soon after the bell sounded. The disappointing GDP reading signals that while the Fed may taper, it is not likely to raise interest rates. Shortly before the closing bell the DJIA traded up 0.31% for the day, the S&P 500 was up 0.51%, and the Nasdaq Composite traded up 0.69%.

Nike Inc. (NYSE: NKE) posted the largest percentage increase among the Dow 30 today, up 2.01% at around $76.46 in a 52-week range of $59.9 to $80.26. Volume was about 20% lower than the daily average of around 3.5 million shares traded. The company had no news today, but is scheduled to report quarterly results tomorrow and some traders are front-running the report.

The Walt Disney Co. (NYSE: DIS) traded higher today, up 1.55% at $83.95 shortly before today’s close. The stock’s 52-week range is $60.41 to $85.86. Volume was about 10% above the daily average of around 6.3 million shares traded. The company was one of the media companies that won a U.S. Supreme Court ruling today against antenna startup Aereo.

Pfizer Inc. (NYSE: PFE) traded higher by 1.72% at $29.80 shortly before the closing bell. The stock’s 52-week range is $27.33 to $32.96. Volume was about 10% lower than the daily average of around 29 million shares traded. The drug maker had no news today, but shares were seen as being a bit of a bargain.

Intel Corp. (NASDAQ: INTC) traded at $30.90, up 1.33% in a 52-week range of $21.89 to $31.00, a 10-year high for the stock. Share volume was about 15% higher than the daily average of around 31 million shares traded. Again, the shares may have been considered a bargain today..

Of the Dow 30 stocks 23 looked to close higher today and 7 were on their way to a lower finish.

ALSO READ: The Best-Selling Products of All Time

 

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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