May 20, 2016: Markets opened higher Friday as the dollar started out strong and oil started out weak. The dollar eventually ended up with a small increase, but the June crude contract dropped about 1% on its last day of trading. The tech and consumer discretionary sectors led the gainers today, while consumer staples and telecom stocks were the only sectors on track for a daily loss. WTI crude oil for June delivery settled at $47.75 a barrel, down 0.9% for the day but up 3.3% for the week. June gold dropped 0.2% on the day to settle at $1,252.90 and a loss of 1.6% for the week. Equities were headed for a higher close shortly before the closing bell as the DJIA traded up 0.29% for the day, the S&P 500 traded up 0.51%, and the Nasdaq Composite traded up 1.12.
The DJIA stock posting the largest daily percentage gain ahead of the close Friday was American Express Co. (NYSE: AXP) which traded up 1.82% at $63.88. The stock’s 52-week range is $50.27 to $81.92. Volume was about 20% below the daily average of around 3.6 million shares. The credit card issuer had no news Friday.
Intel Corp. (NASDAQ: INTC) traded up 1.81% at $30.17 The stock’s 52-week range is $24.87 to $35.59. Trading volume was about 20 % below the daily average of around 22.5 million. The semiconductor maker had no specific news.
The Travelers Companies Inc. (NYSE: TRV) traded up 1.56% at $111.82. The stock’s 52-week range is $95.21 to $118.28. Trading volume was about 15% lower than the daily average of around 1.6 million shares. The insurance company had no specific news today either.
International Business Machines Corp. (NYSE: IBM) traded up 1.50% at $147.10. The stock’s 52-week range is $116.90 to $173.78. Volume was about 30% below the daily average of around 4.4 million shares. The tech giant had no specific news Friday.
Of the Dow 30 stocks 21 are set to close higher Friday and 9 are on track to close lower.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
