The 4 DJIA Stocks That Dominated the Market

Investing

Published: October 30, 2014 4:01 pm

Last Updated: April 28, 2020 5:59 am

October 30, 2014: Markets opened mixed again on Thursday with the DJIA opening higher on the strength of a big earnings beat by the index’s most influential component. The first estimate of third-quarter GDP beat estimates, but didn’t give stocks a boost out of the gate. That boost showed up later. Shortly before the closing bell the DJIA traded up 1.20% for the day, the S&P 500 traded up 0.49%, and the Nasdaq Composite traded up 0.21%.

The Dow 30 stock posting the largest daily gain ahead of the close today was Visa Inc. (NYSE: V) which traded up 10.46% at $237.12. The stock’s 52-week range is $194.26 to $239.28, a new high set today. Given its weight, Visa virtually carried the DJIA today after reporting earnings. Volume was nearly 5-times the daily average of around 2.5 million shares.

Merck & Co. Inc. (NYSE: MRK) traded up 1.76% at $57.19. The stock’s 52-week range is $44.62 to $61.33. Trading volume was about 10% above the daily average of around 10 million shares. The company had no specific news today, but a cancer drug won breakthrough-therapy designation on Monday.

E. I. du Pont de Nemours and Co. (NYSE: DD) which traded higher by 1.11% at $67.54. The stock’s 52-week range is $59.35 to $72.92. Volume was 35% below the daily average of around 5 million shares. The company said it will sell some of its crop-protection and land-management assets to Bayer AG.

The Coca-Cola Co. (NYSE: KO) traded higher by 1.09% at $41.40. The stock’s 52-week range is $36.89 to $44.87. Volume was about 15% above the daily average of around 16.7 million shares. The company had no specific news today, but its Australian bottler and distributor plans a $500 million investment in its Indonesian subsidiary and expects to return to profit growth next year.

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

ALSO READ: The 20 Most Profitable Companies in the World

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps