The 4 Stocks That Led the DJIA Higher on Tuesday

Investing

Published: February 3, 2015 4:01 pm

Last Updated: April 28, 2020 6:09 am

February 3, 2015: Markets opened higher on Tuesday on a report that Greece had to play nice with the rest of the eurozone by not demanding lenders to take a haircut on the country’s debt. Equities got a second lift at around noon when Minneapolis Fed President Kocherlakota said the Fed should not raise interest rates at all in 2015. Shortly before the closing bell the DJIA traded up 1.69% for the day, the S&P 500 traded up 1.35%, and the Nasdaq Composite traded up 0.98%.

The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Caterpillar Inc. (NYSE: CAT) which traded up 3.92% at $84.01. The stock’s 52-week range is $78.81 to $111.46. Trading volume was about 50% above the daily average of around 6 million shares. The stock took a downgrade from Argus this morning, but the low share price may have been too attractive to pass up, especially with oil prices on the rise.

Chevron Corp. (NYSE: CVX) traded up 3.29% at $109.55. The stock’s 52-week range is $98.88 to $135.10. Trading volume was about 20% higher than the daily average of around 9.2 million shares. A third straight day of higher crude oil prices pushed crude to its highest level since the beginning of the year.

The Goldman Sachs Group Inc. (NYSE: GS) traded up 2.73% at $180.28. The stock’s 52-week range is $151.65 to $198.06. Trading volume was about 10% above the daily average of around 2.8 million shares. The big bank had no specific news today.

International Business Machines Corp. (NYSE: IBM) traded higher by 2.31% at $158.24. The stock’s 52-week range is $149.52 to $199.21. Trading volume was about 20% below the daily average of around 5.4 million shares. The technology giant had no specific news today either.

Of the Dow 30 stocks 29 are set to close higher today and just 1 (Intel) is on track to close lower.

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