Investing
United Technologies, Caterpillar Prop Up DJIA Thursday
Published:
Last Updated:
February 22, 2018: Markets opened higher Thursday following strong data on jobless claims and good news from the leading economic indicators. Wednesday’s session looked like a winner, too, until the last few minutes of the trading session. Inflation risk and the prospect of rising interest rates have equity investors jittery, that all there is to it.
WTI crude oil for April delivery settled at $62.77 a barrel, up 1.8% for the day on an unexpected drop in U.S. crude oil inventories. April gold added 60 cents on the day to settle at $1,332.70. Equities were headed for a mixed close about 10 minutes before the bell as the DJIA traded up 0.55% for the day, the S&P 500 traded down 0.04%, and the Nasdaq Composite traded down 0.23%.
Bitcoin futures (XBTH8) for March delivery traded at $10,050, down about 2.8% on the CBOE after opening at $10,330 this morning. The digital currency’s trading range for the day was $9,700 to $10,850.
The DJIA stock posting the largest daily percentage gain ahead of the close Thursday was United Technologies Corp. (NYSE: UTX) which traded up 3.33% at $133.56. The stock’s 52-week range is $107.05 to $139.24. Volume was about 50% above the daily average of around 4.3 million shares. The company’s CEO said that company is considering breaking itself into three pieces.
Caterpillar Inc. (NYSE: CAT) traded up 2.31% at $158.81. The stock’s 52-week range is $90.34 to $173.24. Volume was about 30% lower than the daily average of around 5.4 million. The company had no specific news Thursday.
DowDuPont Inc. (NYSE: DWDP) traded up 1.52% at $72.04. The stock’s 52-week range is $59.29 to $77.08. Volume was about half the daily average of around 8 million shares. The company had no specific news.
3M Company (NYSE: MMM) traded up 1.51% at $235.69. The stock’s 52-week range is $185.71 to $259.77. Volume was around 1.6 million shares, about a third below the daily average of about 2.4 million. The company had no specific news Thursday.
Of the Dow stocks, 21 are on track to close higher Thursday and 9 are set to close lower.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
