November 21, 2016: Markets opened higher Monday and all three major indexes put up new, all-time intra-day highs after Friday’s modest sell-off. The energy sector added about 2% for the day’s best gain, but all 11 S&P sectors traded in the green shortly before the closing bell. WTI crude oil for December delivery settled at $47.49 a barrel, up 3.9% on the contract’s expiration date. December gold added 0.1% on the day to settle at $1,209.80. Equities were headed for a higher close before the bell as the DJIA traded up 0.43% for the day, the S&P 500 traded up 0.69%, and the Nasdaq Composite traded up 0.86%.
The DJIA stock posting the largest daily percentage gain ahead of the close Monday was E. I. du Pont de Nemours and Co. (NYSE: DD) which traded up 1.69% at $70.00. The stock’s 52-week range is $50.71 to $75.72. Volume was about 30% below the daily average of around 2.8 million shares. The chemical company had no specific news Monday.
Apple Inc. (NASDAQ: AAPL) traded up 1.64% at $111.86. The stock’s 52-week range is $89.47 to $119.86. Trading volume was about 35% below the daily average of around 37.4 million. The iPhone maker had no specific news.
International Business Machines Corp. (NYSE: IBM) traded up 1.47% at $162.75. The stock’s 52-week range is $116.90 to $165.00. Volume was roughly equal to the daily average of around 3.5 million shares. The company had no specific news Monday.
Exxon Mobil Corp. (NYSE: XOM) traded up 1.25% at $86.35. The stock’s 52-week range is $71.55 to $95.55. Volume was about 45% below the daily average of around 10.7 million shares. Higher crude prices are good for Exxon and Dow peer Chevron.
Of the Dow 30 stocks 24 are on track to close higher Monday and 6 are set to close lower.
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