November 25, 2015: Markets opened higher on Wednesday on a trading day when light volume is expected ahead of tomorrow’s Thanksgiving Day holiday. WTI crude for January delivery added about 0.4% today to settle at $43.04 per barrel after the weekly rig count showed another 9 rigs were idled this week. Gold slipped 0.4% to settle at $1,070.00. Equities were headed for a moderately higher close shortly before the closing bell as the DJIA traded up 0.08% for the day, the S&P 500 traded up 0.07%, and the Nasdaq Composite traded up 0.34%.
Markets are closed Thursday for the Thanksgiving Day holiday, and will be open for a shortened session on Friday until 1:00 p.m. ET.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Pfizer Inc. (NYSE: PFE) which traded up 2.96% at $32.92. The stock’s 52-week range is $28.47 to $36.46. Trading volume was more than double the daily average of around 33.2 million. The drug maker’s deal with Allergan continues to push Pfizer’s shares up.
Nike Inc. (NYSE: NKE) traded up 1.25% at $134.17. The stock’s 52-week range is $90.69 to $134.56, and the high was posted today. Trading volume was less than half the daily average of about 4.6 million. The sporting goods and apparel company had no specific news today.
UnitedHealth Group Inc. (NYSE: UNH) traded up 1.21% at $114.57. The stock’s 52-week range is $95.00 to $126.21. Volume was about half the daily average of around 4.6 million shares traded. The company had no specific news today.
The Home Depot Inc. (NYSE: HD) traded up 0.86% at $134.75. The stock’s 52-week range is $92.17 to $135.24, another new high posted today. Trading volume was about 20% below the daily average of about 5.4 million. The company had no specific news today, but is buoyed by good news on the housing front.
Of the Dow 30 stocks 17 are set to close higher today and 13 are on track to close lower.
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