The 4 Stocks That Lifted the Market

Investing

Published: July 22, 2014 4:01 pm

Last Updated: April 28, 2020 6:14 am

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July 22, 2014: Markets opened higher on Tuesday as geopolitical tensions appeared to have lessened somewhat and earnings reports were on the strong side. The consumer price index report showed that inflation remains quiescent and existing home sales rose again in June. Shortly before closing today the DJIA traded up 0.40% for the day, the S&P 500 traded up 0.52%, and the Nasdaq Composite traded up 0.69%.

Based on impact on the rest of the market, the biggest gainer among the Dow 30 today was The Goldman Sachs Group Inc. (NYSE: GS) which traded higher by 1.99% at $175.13. The stock’s 52-week range is $151.33 to $181.13. Volume was about 40% above the daily average of around 2.5 million shares traded. The bank had no news today other than a report that it is among seven firms looking to invest in a Chinese asset management company.

Intel Corp. (NASDAQ: INTC) traded up 2.20% at $34.80. The stock’s 52-week range is $21.89 to $34.83. Share volume was about 10% higher than the daily average of around 32 million shares traded. The company’s earnings last week gave the shares a jolt that passed quickly, but shares have now picked up again to post a new 52-week high today.

UnitedHealth Group Inc. (NYSE: UNH) traded up 1.19% at $86.07 today in a 52-week range of $66.72 to $87.24. Volume was about 25% below the daily average of around 3.9 million shares traded. Two contradictory court rulings on a single aspect of the Affordable Care Act had no impact on UnitedHealth’s share price today..

International Business Machines Corp. (NYSE: IBM) traded up 1.86% at $194.40 in a 52-week range of $172.19 to $199.21. Volume was about equal to the daily average of around 3.9 million shares. There was no news on the company again today, but it handily put back about double the share price loss from yesterday.

Of the Dow 30 stocks 21 are set to close higher today and 9 are poised to close lower.

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