The 4 DJIA Stocks That Boosted the Market

Investing

Published: October 31, 2014 4:01 pm

Last Updated: April 28, 2020 5:58 am

October 31, 2014: Markets opened higher on Friday following a sharp boost to the Bank of Japan’s quantitative easing program. The dollar got stronger against the yen, dropping gold and oil prices, and putting a lot of air under equities. Shortly before the closing bell the DJIA traded up 0.94% for the day, the S&P 500 traded up 1.03%, and the Nasdaq Composite traded up 1.30%.

The Dow 30 stock posting the largest daily gain ahead of the close today was Intel Corp. (NASDAQ: INTC) which traded up 4.02% at $33.89. The stock’s 52-week range is $23.40 to $35.56. Trading volume was about 30% above the daily average of around 31 million shares. The company had no specific news today, but it closed down sharply last night and must have looked like an even better bargain in today’s rising market.

Chevron Corp. (NYSE: CVX) traded higher by 2.30% at $119.89. The stock’s 52-week range is $106.65 to $135.10. Volume was about 20% above the daily average of around 6.3 million shares. The company reported earnings heavy on refining profits today.

Exxon Mobil Corp. (NYSE: XOM) traded higher by 2.08% at $96.41. The stock’s 52-week range is $86.91 to $104.76. Volume was about equal to the daily average of around 11.7 million shares. The company also posted earnings today that were lifted by refining margins. Both Exxon and Chevron appear to have satisfied investors even though crude oil is closing the week just a little above $80 a barrel.

Visa Inc. (NYSE: V) traded up 1.71% at $240.69. The stock’s 52-week range is $194.84 to $242.5, a new high set today. Given its weight, Visa pushed the DJIA today after getting an upgrade from Argus. Volume was about double the daily average of around 2.6 million shares.

Of the Dow 30 stocks just 4 are set to close lower today and 26 are on track to close higher.

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