The 4 Stocks That Carried the DJIA to 18,000

Investing

Published: December 23, 2014 4:01 pm

Last Updated: April 28, 2020 6:02 am

December 23, 2014: Markets opened higher on Tuesday following the best report on U.S. GDP in 10 years. Crude oil rose about 4% as traders and investors see an economic boom coming. Strong demand for tech stocks couldn’t buoy the Nasdaq though and the index traded in the red most of the day on lagging biotech stocks. The DJIA and the S&P 500 both posted new 52-week highs again today and the DJIA was on track to close above 18,000 for the first time ever. Shortly before the closing bell the DJIA traded up 0.43% for the day, the S&P 500 traded up 0.25%, and the Nasdaq Composite traded down 0.25%.

The DJIA stock posting the largest daily gain ahead of the close Tuesday was Chevron Corp. (NYSE: CVX) which traded up 1.83% at $114.08. The stock’s 52-week range is $100.15 to $135.10. Trading volume was about 30% below the daily average of around 8.7 million shares. There was no specific news today for the company, but both Chevron and fellow Dow 30 oil stock Exxon Mobil Corp. (NYSE: XOM) were up today on rising crude oil prices.

The Boeing Co. (NYSE: BA) traded higher by 1.55% at $130.21. The stock’s 52-week range is $116.32 to $144.57. Volume was again about 40% below the daily average of around 4.4 million shares. The company finalized an order for 10 777-300ERs this morning.

The Coca-Cola Co. (NYSE: KO) traded up 1.48% at $42.97. The stock’s 52-week range is $36.89 to $45.00. Trading volume about 40% below the daily average of around 18 million shares. A story in The Wall Street Journal cited sources who claimed the company will cut 1,000 to 2,000 jobs in the coming weeks.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded up 1.38% at $75.16. The stock’s 52-week range is $59.35 to $75.82, and the high was posted today. Trading volume was about 40% below the daily average of around 4.8 million shares. The company settled litigation involving patent infringement lawsuits with Monsanto Co. (NYSE: MON).

Of the Dow 30 stocks 25 are set to close higher today and 5 are on track to close lower.

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