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Investing

The 4 Tech Stocks That Lifted the Dow on Wednesday

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By Paul Ausick Updated Published
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May 27, 2015: Markets opened higher on Wednesday and traded higher all day long. As the end of the month approaches the DJIA is up about 2% for May and the Nasdaq Composite is inching toward a new all-time high. Energy stocks have traded lower today as the dollar gained more strength and lowered the price of crude. Tech stocks were today’s big winners. Shortly before the closing bell the DJIA traded up 0.76% for the day, the S&P 500 traded up 0.98%, and the Nasdaq Composite traded up 1.47%.

The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Microsoft Corp. (NASDAQ: MSFT) which traded up 2.34% at $47.68. The stock’s 52-week range is $39.82 to $50.05. Trading volume totaled around 20 million shares, well below the daily average of around 37 million. The company had no specific news today.

Intel Corp. (NASDAQ: INTC) traded up 2.05% at $33.78. The stock’s 52-week range is $26.66 to $37.90. Trading volume totaled about 19 million shares, below the daily average of around 31 million. The company had no specific news today, but analysts at Jefferies forecast that Intel and Micron would see increased shipments due to restocking as PC makers run through existing inventories.

Apple Inc. (NASDAQ: AAPL) traded higher by 1.97% at $132.17. The stock’s 52-week range is $88.93 to $134.54. Trading volume reached about 38 million, well below the daily average of around 49.5 million. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.52% at $29.39. The stock’s 52-week range is $22.49 to $30.31. About 15.5 million shares traded hands today, well below the daily average of around 26.2 million. Yesterday’s loss after an unfriendly patent ruling seems to have been forgotten today.

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

ALSO READ: States Where Incomes Are Booming (or Not)

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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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