June 2, 2017: Markets opened higher again Friday following a lower-than-expected number from the non-farm payroll report. Bond yields were lower as investors are seeking cover for what looks to be less economic expansion than people expected in the heady days following last November’s election. Energy stocks were today’s big losers while industrials and tech stocks were the best performers. WTI crude oil for July delivery settled at $47.66 a barrel, down 1.5% for the day and down 4.3% for the week. August gold added 0.8% for the day to settle at $1,280.20, up about 1% for the holiday-shortened week. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.29 for the day, the S&P 500 traded up 0.36%, and the Nasdaq Composite traded up 0.92%. https://a673b.bigscoots-temp.com/energy-economy/2017/06/02/pump-prices-remain-low-as-refineries-soak-up-us-crude-oil-inventories/
The DJIA stock posting the largest daily percentage gain ahead of the close Friday was The Boeing Co. (NYSE: BA) which traded up 1.64% at $190.39. The stock’s 52-week range is $122.35 to $191.69, a new high posted today. Volume was about 30% below the daily average of around 2.9 million shares. The company had no specific news.
3M Company (NYSE: MMM) traded up 1.32% at $207.05. The stock’s 52-week range is $163.85 to $207.39, another new 52-week high. Volume was about 40% below the daily average of around 1.9 million shares. The company had no specific news Friday.
Johnson & Johnson (NYSE: JNJ) traded up 0.94% at $129.99. The stock’s 52-week range is $109.32 to $130.00, a third new high among the Dow stocks. Volume was about 30% lower than the daily average of around 6 million shares. The company had no specific news.
Visa Inc. (NYSE: V) traded up 0.79% at $96.15. The stock’s 52-week range is $73.25 to $96.18, a fourth new 52-week high posted today. Volume was about 15% below the daily average of around 7.6 million. The company had no specific news Friday.
Of the Dow stocks, 19 are on track to close higher Friday and 11 are set to close lower.
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