The 4 Stocks That Dominated the Market

Investing

Published: July 16, 2014 4:01 pm

Last Updated: April 28, 2020 6:04 am

July 16, 2014: Markets opened higher on Wednesday following a report of better-than-expected Chinese GDP growth and a strong showing from some big tech stocks. A sharp drop in crude oil inventories also boosted big oil stocks today.Shortly before closing today the DJIA traded up 0.38% for the day, the S&P 500 traded up 0.39%, and the Nasdaq Composite traded up 0.30%.

The biggest percentage gainer among the Dow 30 today was Intel Corp. (NASDAQ: INTC) traded higher than 8.86% at $34.51, after posting a new 52-week high earlier in the afternoon. The stock’s new 2-week range is $21.89 to $34.52. Volume was more than 4-times higher than the daily average of around 30 million shares traded. Intel delivered strong quarterly results after markets closed last night.

Microsoft Corp. (NASDAQ: MSFT) traded up 3.78% at $44.08 today after posting a 52-week high of its own. The new 52-week range for the stock is $30.84 to $44.31. Volume was about double the daily average of around 27 million shares traded. Microsoft was reported to be ready to cut 1,000 jobs at its Nokia plants in Finland, and a boost to Intel’s outlook is a boost to the other half of the WinTel duo.

General Electric Co. (NYSE: GE) traded up 1.37% at $26.98 in a 52-week range of $22.92 to $28.09. Volume was about 50% above the daily average of around 26 million shares. GE gets a boost from announced sales of Boeing Co. (NYSE: BA) airplanes that use GE engines, and a report late in the day that the conglomerate is shopping its century-old appliance business.

Chevron Corp. (NYSE: CVX) traded up 1.13% at $130.72. The stock’s 52-week range is $109.27 to $33.57. Share volume was about 40% below the daily average of around 5.6 million shares traded. The surprisingly low crude oil inventory report boosted Chevron and fellow Dow 30 member Exxon Mobil Corp. (NYSE: XOM) today.

Of the Dow 30 stocks 17 are set to close higher today and 13 look to close lower.

ALSO READ: Countries Spending the Most on Health Care

It’s Your Money, Your Future—Own It (sponsor)

Retirement can be daunting, but it doesn’t need to be.

Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!

Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.