July 12, 2016: Markets opened higher again Tuesday with the S&P 500 index and the DJIA putting up new all-time intraday highs. Energy and basic materials were the leading sectors, up more than 2% each; utilities and telecom were Tuesday’s laggards. WTI crude oil for August delivery settled at $46.80 a barrel, up 4.6% for the day. August gold dropped 1.6% on the day to settle at $1335.30. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.65% for the day, the S&P 500 traded up 0.68%, and the Nasdaq Composite traded up 0.67%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was The Goldman Sachs Group Inc. (NYSE: GS) which traded up 3.27% at $157.17. The stock’s 52-week range is $138.20 to $214.61. Trading volume was about 25% below the daily average of around 3.3 million. The investment bank said on Monday that it will cut 55 jobs in New York.
E. I. du Pont de Nemours and Co. (NYSE: DD) traded up 3.05% at $66.20. The stock’s 52-week range is $47.11 to $75.72. Trading volume was about equal to the daily average of around 3.2 million shares. The company had no specific news Tuesday.
Caterpillar Inc. (NYSE: CAT) traded up 2.70% at $79.90. The stock’s 52-week range is $56.36 to $84.89. Volume was about 30% below the daily average of around 5.3 million shares. The heavy equipment maker has been following oil and materials prices for more than a year now.
Nike Inc. (NYSE: NKE) traded up 2.26% at $58.10. The stock’s 52-week range is $47.25 to $68.19. Volume was about 10% below the daily average of around 10.5 million shares. The athletic gear maker had no specific news.
Of the 30 Dow index stocks 21 are on track to close higher Tuesday and 9 are set close lower.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.