The 4 Stocks That Boosted the Dow on Wednesday

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

stock symbol ticker
thinkstock
October 7, 2015: Markets opened higher on Wednesday tagging along on a rise in European equities. The upbeat start gave way to a loss of enthusiasm following the release of U.S. crude oil inventory data showing another large increase. Much of that inventory increase is due to lower throughput in domestic refineries that are currently going through seasonal maintenance and turnaround. Crude traded nearly 3% higher at one point this morning, and did manage to settle up 1.5% at $47.81. Gold added 0.2% today to settle at $1,148.70.  Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 0.59% for the day, the S&P 500 traded up 0.66%, and the Nasdaq Composite traded up 0.75%.

The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Merck & Co. Inc. (NYSE: MRK) which traded higher by 2.21% at $50.90. The stock’s 52-week range is $47.11 to $76.59. Trading volume was nearly equal to the daily average of around 12 million. The company won a court ruling in India, barring sales of a generic equivalent of its Januvia diabetes treatment.

Intel Corp. (NASDAQ: INTC) traded up 1.73% at $32.29. The stock’s 52-week range is $24.87 to $37.90. Trading volume was about 10% below the daily average of around 34.7 million. The company had no specific news today.

The Boeing Co. (NYSE: BA) traded up 1.54% at $136.70. The stock’s 52-week range is $115.14 to $158.83. Trading volume was more about 40% below the daily average of around 3.8 million. The stock got a boost from a reported order worth $7.4 billion from Ethiopian Air. Boeing has not announced the order yet..

The Coca-Cola Co. (NYSE: KO) traded up 1.29% at $41.49. The stock’s 52-week range is $62.99 to $107.12. Trading volume was about 30% below the daily average of around 15 million. The company had no specific news today, but rival Pepsi’s results have boosted the soft-drinks makers in general.

Of the Dow 30 stocks 23 are set to close higher today and 7 are on track to close lower.

ALSO READ: States With the Widest Gap Between Rich and Poor

Photo of Paul Ausick
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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618