December 27, 2016: Markets opened higher Tuesday after a long Christmas holiday weekend. The Case-Shiller home price index improved by 5.6% year over year in October and the Conference Board’s consumer confidence index surged to near 114. All 11 S&P sectors posted gains Tuesday, led by the tech and materials sectors. WTI crude oil for February delivery settled at $53.90 a barrel, up about 1.7% on the day. February gold added about 0.5% on the day to settle at $1,138.70. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.10% for the day, the S&P 500 traded up 0.27%, and the Nasdaq Composite traded up 0.55%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Apple Inc. (NASDAQ: AAPL) which traded up 0.71% at $117.36. The stock’s 52-week range is $89.47 to $118.69. Volume was about 55% below the daily average of around 32.7 million shares. The company had no specific news Tuesday.
Cisco Systems Inc. (NASDAQ: CSCO) traded up 0.61% at $30.72. The stock’s 52-week range is $22.46 to $31.95. Volume was 60% below the daily average of around 22 million shares. The networking giant had no specific news.
The Goldman Sachs Group Inc. (NYSE: GS) traded up 0.55% at $242.30. The stock’s 52-week range is $138.20 to $245.57. Volume was less than a third the daily average of around 5.4 million shares. The investment bank had no specific news Tuesday.
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Merck & Co. Inc. (NYSE: MRK) traded up 0.44% at $59.82. The stock’s 52-week range is $47.97 to $65.46. Volume was less than half the daily average of around 3.9 million shares. The drug maker had no specific news.
Of the Dow 30 stocks, 22 are on track to close higher Tuesday and 8 are set to close lower.
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