January 12, 2016: Markets opened higher again on Tuesday but dipped into negative territory at around midday before turning positive again. Selling in the energy, telecom, and utilities sectors weighed on the indexes all day. WTI crude oil for February delivery traded down about 3.7% today to settle at $30.25, after briefly dipping below $30. Gold for February delivery traded lower by 1% to settle at $1,085.20 for the day, a third consecutive loss. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 0.79% for the day, the S&P 500 traded up 0.88%, and the Nasdaq Composite traded up 1.07%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was UnitedHealth Group Inc. (NYSE: UNH) which traded up 2.59% at $112.42. The stock’s 52-week range is $95.00 to $126.21. Trading volume was about 25% below the daily average of around 4 million. The company had no specific news today.
Intel Corp. (NASDAQ: INTC) traded up 2.03% at $32.71. The stock’s 52-week range is $24.87 to $37.49. Trading volume was about 10% below the daily average of around 24 million. Analysts at Pacific Crest said today that they expect Intel to beat fourth-quarter guidance.
The Walt Disney Co. (NYSE: DIS) traded up 1.70% at $101.62. The stock’s 52-week range is $90.00 to $122.08. Volume was 30% below the daily average of around 9.7 million shares traded. The company’s latest Star Wars movie has raked in $3.75 billion worldwide in its first 3 weeks of release.
Exxon Mobil Corp. (NYSE: XOM) traded up 1.75% at $74.98. The stock’s 52-week range is $66.55 to $93.45. Trading volume was about 20% above the daily average of around 15 million. The company may have bumped into a technical ceiling early this morning. Nike also had no specific news today. The company had no specific news today, but the move higher is certainly counterintuitive given the day’s decline in oil prices.
Of the Dow 30 stocks 21 are set to close higher today and 9 are on track to close lower.
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