July 13, 2016: Markets opened higher again Wednesday but by noon only the DJIA was still trading with a gain. A weakish dollar trade lasted most of the day while oil started the day with a small loss that grew into a big one. The telecom and utilities sectors were Wednesday’s leaders, and energy was the big loser. WTI crude oil for August delivery settled at $44.75 a barrel, down 4.4% for the day. August gold added 0.6% on the day to settle at $1343.60. Equities were headed for a mixed close shortly before the bell as the DJIA traded up 0.17% for the day, the S&P 500 traded up 0.05%, and the Nasdaq Composite traded down 0.24%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was UnitedHealth Group Inc. (NYSE: UNH) which traded up 1.12% at $141.43. The stock’s 52-week range is $95.00 to $142.96. Trading volume was about 25% below the daily average of around 3.2 million. The health insurer had no specific news.
Verizon Communications Inc. (NYSE: VZ) traded up 0.96% at $56.00. The stock’s 52-week range is $38.06 to $56.95. Trading volume was about 35% below the daily average of nearly 13.8 million shares. The telecom giant also had no specific news.
Microsoft Corp. (NASDAQ: MSFT) traded up 0.94% at $53.71. The stock’s 52-week range is $39.72 to $56.85. Volume was about 45% below the daily average of around 32.6 million shares. The company had no specific news today.
International Business Machines Corp. (NYSE: IBM) traded up 0.7% at $158.14. The stock’s 52-week range is $116.90 to $173.78. Volume was about 35% below the daily average of around 3.8 million shares. The tech services company teamed up with AT&T on an internet of things (IoT) initiative
Of the 30 Dow index stocks 18 are on track to close lower Wednesday and 12 are set close higher.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
