August 8, 2014: Markets opened higher Friday and all ten sectors were holding onto gains into the last half hour of trading. Consumer discretionary, energy, and utilities sectors performed best all day. Shortly before closing today the DJIA traded up 1.05% for the day, the S&P 500 traded up 1.13%, and the Nasdaq Composite traded up 0.84%.
The Dow 30 stock posting the biggest percentage gain today was The Home Depot Inc. (HD) which traded up 2.32% at $82.35 in a 52-week range of $72.21 to $83.20. Volume was about 15% below the daily average of around 6 million shares traded. The company had no news today, but an improving economy and Thursday’s recommendation by Citigroup analysts for Home Depot over Lowe’s Companies Inc. (LOW) probably helped boost the shares.
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The Walt Disney Co. (DIS) traded up 1.46% today at $86.77 in a 52-week range of $60.41 to $87.63. Volume was about 25% below the daily average of around 6.1 million shares. The company had no news today, but if there’s a more solid entertainment company than the House of Mouse we invite you to point it out to us.
Chevron Corp. (CVX) traded up 1.70% at $127.78. The stock’s 52-week range is $109.27 to $135.10. Share volume was about 15% below the daily average of around 5.4 million shares traded. There was no news on the firm today, but energy stocks did well across the board on a light trading day.
The Goldman Sachs Group Inc. (GS) traded higher by 1.71% at $171.98 today. The stock’s 52-week range is $151.33 to $181.13. Volume was about 35% below the daily average of around 2.5 million shares traded. The company last night lowered the top of its range for expected legal costs from $3.7 billion to $3.2 billion.
Of the Dow 30 stocks 28 are set to close higher today and just 2 are poised to close lower.