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Investing

The 4 Stocks That Boosted Monday’s Market

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By Paul Ausick Updated Published
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December 22, 2014: Markets opened higher on Monday and the DJIA blue chippers held those gains all day long while the S&P 500 and the Nasdaq wobbled around, even dipping below the break-even line briefly. Crude oil prices slipped below $56 a barrel again Monday, after a sharp gain last Friday. Shortly before the closing bell the DJIA traded up 0.76% for the day, the S&P 500 traded up 0.28%, and the Nasdaq Composite traded up 0.24%.

The DJIA stock posting the largest daily gain ahead of the close Monday was Intel Corp. (NASDAQ: INTC) which traded up 2.31% at $37.21. The stock’s 52-week range is $23.50 to $37.90. Trading volume was about 30% below the daily average of around 33 million shares. There was no specific news today for the company.

International Business Machines Corp. (NYSE: IBM) traded up 1.71% at $161.23. The stock’s 52-week range is $150.50 to $199.21. Trading volume was about 25% below the daily average of around 5.1 million shares. There was no news on IBM either today, but along with Intel and Cisco, the tech giants kept the DJIA sailing along on Monday.

Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.60% at $28.22. The stock’s 52-week range is $21.22 to $28.29, a new 52-week set today. Trading volume about 25% below the daily average of around 29 million shares. It was a blue chip day, and Cisco, Intel, and IBM were the bluest of the blues.

The Boeing Co. (NYSE: BA) traded higher by 1.56% at $128.20. The stock’s 52-week range is $116.32 to $144.57. Volume was about 40% below the daily average of around 4.4 million shares. The company confirmed an order for 60 737s this morning.

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

ALSO READ: The 10 Dying (and Thriving) U.S. Industries

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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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