June 28, 2017: Markets opened higher Wednesday with the DJIA hitting a triple-digit gain early in the session and maintaining it throughout the day. Only the utilities sector is showing a loss for the day as financial and tech stocks are the leading gainers. WTI crude oil for August delivery settled at $44.74 a barrel, up 1.1% on the day following a smaller-than-expected addition to the nation’s crude oil stockpile. August gold added 0.2% on the day to settle at $1,249.10. Equities were headed for a higher close shortly before the bell as the DJIA traded up 0.69% for the day, the S&P 500 traded up 0.89%, and the Nasdaq Composite traded up 1.40%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was Caterpillar Inc. (NYSE: CAT) which traded up 2.46% at $106.49. The stock’s 52-week range is $72.79 to $108.18. Volume was about 40% below the daily average of around 5 million shares. The company had no specific news and is likely reacting (as usual) to the uptick in crude prices.
JPMorgan Chase & Co. (NYSE: JPM) traded up 2.21% at $90.00. The stock’s 52-week range is $58.76 to $93.98. Volume was about 10% below the daily average of around 14.6 million shares. The big bank had no specific news Wednesday.
Intel Corp. (NASDAQ: INTC) traded up 1.60% at $34.19. The stock’s 52-week range is $31.31 to $38.45. Volume was around 30% below the daily average of about 21.5 million shares. The company had no specific news Wednesday.
The Walt Disney Co. (NYSE: DIS) traded up 1.39% at $106.87. The stock’s 52-week range is $90.32 to $116.10. Volume was about equal to the daily average of around 6.8 million. The company settled a lawsuit against its ABC-TV division related to a $1 billion lawsuit in a defamation case over the use of the phrase “pink slime” to refer to certain processed beef products. Details were not revealed.
Of the Dow stocks, 24 are on track to close higher Wednesday and 6 are set to close lower.
The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
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.