December 7, 2016: Markets opened slightly higher Wednesday with little economic or earnings data to use as a guide. Only the healthcare and energy sectors are trading lower as we head for the closing bell, with telecom and consumer discretionary stocks trading higher. WTI crude oil for January delivery settled at $49.77 a barrel, down 2.3% on the day. February gold added 0.6% on the day to settle at $1,177.50. Equities were headed for a higher close shortly before the bell as the DJIA traded up 1.37% for the day, the S&P 500 traded up 1.15%, and the Nasdaq Composite traded up 1.06%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Nike Inc. (NYSE: NKE) which traded up 3.12% at $52.15. The stock’s 52-week range is $49.01 to $68.19. Volume was about a 20% below the daily average of around 9.4 million shares. The company had no specific news.
The Home Depot Inc. (NYSE: HD) traded up 3.06% at $132.68. The stock’s 52-week range is $109.62 to $139.00. Volume was about 10% below the daily average of around 5.4 million shares. The home improvement giant had no specific news Wednesday.
Visa Inc. (NYSE: V) traded up 2.97% at $79.40. The stock’s 52-week range is $66.12 to $83.96. Volume was about 10% above the daily average of around 10.8 million shares. The company had no specific news Wednesday.
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International Business Machines Corp. (NYSE: IBM) traded up 2.90% at $164.99. The stock’s 52-week range is $116.90 to $165.00, a new 52-week high. Trading volume was about 20% below the daily average of around 3.6 million. The company had no specific news.
Of the Dow 30 stocks 27 are on track to close higher Wednesday and 3 are set to close lower.
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