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.
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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.
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