The 4 Stocks That Lifted the Dow on Wednesday

Investing

Published: September 16, 2015 4:01 pm

Last Updated: April 28, 2020 6:13 am

September 16, 2015: Markets opened higher again on Wednesday apparently anticipating no action by the Fed to raise interest money. The consumer price index dropped which also worked against a rate hike tomorrow. Crude oil bounced to a high above $47 a barrels after the inventory report showed a drop. Nobody paid attention to the big boost in gasoline supplies. Gold gained about 1.6% today and crude finally settled up about 5.7% at $47.15. Shortly before the closing bell the DJIA traded up 0.84% for the day, the S&P 500 traded up 0.86%, and the Nasdaq Composite traded up 0.56%.

The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was General Electric Co. (NYSE: GE) which traded up 2.45% at $25.92. The stock’s 52-week range is $19.37 to $28.68. Trading volume was about equal to the daily average of around 34 million. The company said this morning that it had sold its U.K. home loan portfolio for some $3.7 billion and there is a report that the company’s asset management business may fetch as much as $100 billion.

Chevron Corp. (NYSE: CVX) traded higher by 2.34% at $78.97. The stock’s 52-week range is $69.58 to $125.70. Trading volume was about 10% lower than the daily average of around 10.7 million. The company had no specific news today, but a nearly 6% boost in crude oil prices also gave Chevron a shot in the arm.

Exxon Mobil Corp. (NYSE: XOM) traded up 1.82% at $74.18. The stock’s 52-week range is $66.55 to $97.93. About 11 million shares traded hands today, roughly 25% less than the daily average of about 15 million. The company said this morning that it had begun production at a deepwater site offshore of Nigeria, increasing production from the field to 90,000 barrels a day. If anything that would have reduced the share price were it not for today’s jump in crude prices.

The Coca-Cola Co. (NYSE: KO) traded up 1.71% at $39.16. The stock’s 52-week range is $36.56 to $45.00. Trading volume was about 15% higher than the daily average of around 14 million. The company had no specific news today.

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

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