DJIA stocks that lifted the mar­ket

Financial Mirror (Cyprus) - - FRONT PAGE -

Mar­kets opened lower on Mon­day fol­low­ing the an­nounce­ments of two block­buster merg­ers, one in the oil patch and the other in the drug business. Crude oil drifted down again and tech stocks and fi­nan­cials also traded lower. Shortly be­fore the clos­ing bell the DJIA traded up 0.09% for the day, the S&P 500 traded up 0.06%, and the Nas­daq Com­pos­ite traded down 0.40%.

The DJIA stock post­ing the largest daily gain ahead of the close was Unit­edHealth Group Inc. (NYSE: UNH) which traded up 1.41% at $96.46. The stock’s 52-week range is $69.57 to $96.74. Vol­ume was about 30% be­low daily av­er­age of around 3.8 mln shares. The company has ex­panded its of­fer­ings un­der the Af­ford­able Care Act (Oba­macare) and is ex­pected to pick up more in­surance business this year.

Wal-Mart Stores Inc. (NYSE: WMT) traded higher by 0.68% at $83.53. The stock’s 52week range is $72.27 to $83.72, and the high was posted on Mon­day. Vol­ume was about 15% be­low the daily av­er­age of around 6.8 mln shares. The company ben­e­fits from ris­ing hopes for the hol­i­day sea­son, but there was no spe­cific news.

In­tel Corp. (NAS­DAQ: INTC) traded higher by 0.85% at $34.24. The stock’s 52week range is $23.40 to $35.56. Vol­ume was less than half the daily av­er­age of around 31 mln shares. The chip­maker said that its new smart bracelets would re­tail for $495, which in­cludes two years of wire­less ser­vice from AT&T Inc.

Cisco Sys­tems Inc. (NAS­DAQ: CSCO) traded up 0.63% at $26.49. The stock’s 52week range is $20.22 to $26.55, and the high was posted on Mon­day. Trad­ing vol­ume was about equal to the daily av­er­age of around 27 mln shares. The company had no spe­cific news on Mon­day Of the Dow 30 stocks, 14 closed lower and 16 higher.

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