The 4 Stocks That Lifted the DJIA on Monday

By Paul Ausick Updated Jan 13, 7:58AM EST · Published May 16, 4:01PM EDT

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The 4 Stocks That Lifted the DJIA on Monday — © Thinkstock

May 16, 2016: Markets opened higher Monday as they ignored weaker-than-expected economic data from China. The dollar strengthened early, especially against the yen, and an announcement from Goldman Sachs that the oil glut is over lifted crude prices. Basic materials and energy were Monday’s best performing sectors. WTI crude oil for June delivery settled at $47.72 a barrel, up about 3.3% for the day. June gold added 0.1% on the day to settle at $1,274.20. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 1.08% for the day, the S&P 500 traded up 1.02%, and the Nasdaq Composite traded up 1.33%.

The DJIA stock posting the largest daily percentage gain ahead of the close Monday was Apple Inc. (NASDAQ: AAPL) which traded up 3.90% at $94.05. The stock’s 52-week range is $89.47 to $132.97. Volume was about 35% above the daily average of around 38 million shares. Warren Buffett announced this morning that he had added $1 billion in Apple stock to his portfolio last quarter.

E. I. du Pont de Nemours and Co. (NYSE: DD) traded up 2.27% at $64.34. The stock’s 52-week range is $47.11 to $75.72. Volume was 30% below the daily average of around 3.4 million shares. The industrial giant had no specific news Monday.

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Intel Corp. (NASDAQ: INTC) traded up 1.92% at $30.49. The stock’s 52-week range is $24.87 to $35.59. Trading volume was more than 35% lower than the daily average of around 23 million. The chipmaker had no specific news Monday.

Wal-Mart Stores Inc. (NYSE: WMT) traded up 1.83% at $66.13. The stock’s 52-week range is $56.30 to $79.94. Trading volume was about 30% below the daily average of around 8.9 million. The retailing giant is scheduled to report earnings later this week, and the weekend news that Amazon will be adding house labels to its offering did not seem to disturb investors..

Of the Dow 30 stocks 29 are set to close higher Monday and just 1 is on track to close higher.

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.