October 3, 2017: Markets opened higher again Tuesday not so much on news as on enthusiasm over the Trump administration’s tax proposals. New car sales in September released this morning and the news was better than expected, especially for pickup truck sales. WTI crude oil for November delivery settled at $50.42 a barrel,down 0.3% on the day. December gold dropped less than 0.1% on the day to settle at $1,274.60. Equities were headed for a modestly higher close shortly before the bell as the DJIA traded up 0.35% for the day, the S&P 500 traded up 0.19%, and the Nasdaq Composite traded up 0.16%.
The DJIA stock posting the largest daily percentage gain ahead of the close Tuesday was Intel Corp. (NASDAQ: INTC) which traded up 1.02% at $39.44. The stock’s 52-week range is $33.23 to $39.70, a second consecutive new high set this afternoon. Volume was about 30% above the daily average of around 21.9 million. The chipmaker had no specific news.
American Express Co. (NYSE: AXP) traded up 0.94% at $91.39. The stock’s 52-week range is $59.50 to $91.64, a new 52-week high posted this afternoon. Volume was about 35% below the daily average of around 3.2 million shares. The company won a lawsuit related to its loss of Costco as the retailer’s sole credit card issuer.
Verizon Communications Inc. (NYSE: VZ) traded up 0.93% at $49.82. The stock’s 52-week range is $42.80 to $54.83. Volume was about half the daily average of around 14.5 million shares. The company had no specific news.
The Walt Disney Co. (NYSE: DIS) traded up 0.89% at $100.75. The stock’s 52-week range is $90.32 to $116.10. Volume was about 40% below the daily average of around 8 million shares. The Mouse House struck a new carriage deal Monday with cable TV operator Altice.
Of the Dow stocks, 26 are on track to close higher Tuesday and 4 are set to close lower.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
