Investing

P&G, Cisco Lead DJIA Higher Thursday

Thinkstock

September 22, 2016: Markets opened higher again Thursday, wallowing in the Fed decision to leave interest rate alone until at least December. All equity sectors traded in the green late in the day, led by the new real-estate group and the telecoms. WTI crude oil for November delivery settled at $46.32 a barrel, up 2.2% for the day. December gold closed up 1% on the day to settle at $1,344.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up by 0.62% for the day, the S&P 500 traded up 0.71%, and the Nasdaq Composite traded up 0.89%.

The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was The Procter & Gamble Co. (NYSE: PG) which traded up 1.53% at $89.14. The stock’s 52-week range is $69.74 to $89.30, and the high was posted late this afternoon. Volume was nearly 4 times the daily average of around 11 million shares. The company had no specific news.

United Technologies Corp. (NYSE: UTX) traded up 1.16% at $103.14. The stock’s 52-week range is $83.39 to $109.83. Volume was about 15% below the daily average of around 3.4 million shares. Airbus today expressed confidence in UTC’s ability to meet engine deliveries for the new A320neo.

Cisco Systems Inc. (NASDAQ: CSCO) traded up 1.12% at $31.71. The stock’s 52-week range is $22.46 to $31.95. Volume was about 35% below the daily average of around 23 million shares. The networking giant plans to team up with Salesforce on cloud computing service offerings.

The Walt Disney Co. (NYSE: DIS) traded up 1.08% at $93.39. The stock’s 52-week range is $86.25 to $120.65. Trading volume was about 25% below the daily average of around 7.5 million. The media and theme park company had no specific news Thursday.

Of the 30 Dow index stocks 27 are on track to close higher Thursday and 3 are set to close lower.

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

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.