US open: Dow Jones continues to march higher

(Sharecast News) – Wall Street stocks were mixed at the opening bell on Wednesday as the S&P 500 neared an all-time high.
As of 1520 GMT, the Dow Jones Industrial Average was up 0.14% at 37,596.15, while the S&P 500 was down 0.06% at 4,772.00 and the Nasdaq Composite came out the gate 0.09% weaker at 15,061.46.

The Dow opened 50.82 points higher on Wednesday, while the S&P 500 hovered near a record high, sitting within 0.5% of its best close.

As far as Wednesday’s headlines go, US mortgage applications dropped 1.5% in the week ended 15 December, according to the Mortgage Bankers Association, halting a six-week run of increases. Applications to refinance a home dropped by 2% month-on-month, but remained 18% higher year-on-year, while applications to purchase a home dropped 1%.

Last week’s fall comes despite benchmark Treasury yields continuing to decline following dovish signals sent by policymakers at the Federal Reserve.

 
 

Elsewhere, the Richmond Federal Reserve manufacturing index dropped to -11 in December, down from -5 in November and the lowest reading in ten months. However, December saw an increase in average growth rates for prices paid and prices received, along with a slight rise in expected price changes over the next 12 months.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones – Risers

Caterpillar Inc. (CAT) $298.65 1.02%
Intel Corp. (INTC) $50.98 0.95%
Walmart Inc. (WMT) $157.04 0.40%
Amgen Inc. (AMGN) $284.99 0.38%
Cisco Systems Inc. (CSCO) $50.46 0.35%
Walgreens Boots Alliance, Inc. (WBA) $26.68 0.26%
Goldman Sachs Group Inc. (GS) $382.51 0.23%
American Express Co. (AXP) $186.40 0.23%
Boeing Co. (BA) $263.29 0.19%
Chevron Corp. (CVX) $152.63 0.14%

 
 

Dow Jones – Fallers

Walt Disney Co. (DIS) $90.45 -0.55%
Apple Inc. (AAPL) $192.46 -0.31%
Verizon Communications Inc. (VZ) $37.37 -0.29%
Microsoft Corp. (MSFT) $373.74 -0.24%
3M Co. (MMM) $107.88 -0.22%
Procter & Gamble Co. (PG) $145.65 -0.20%
Nike Inc. (NKE) $107.87 -0.14%
Johnson & Johnson (JNJ) $155.97 -0.11%
International Business Machines Corporation (CDI) (IBM) $163.07 -0.08%
Travelers Company Inc. (TRV) $186.94 -0.08%

S&P 500 – Risers

Nektar Therapeutics (NKTR) $0.53 2.04%
Mohawk Inds Inc. (MHK) $104.08 1.40%
Dollar Tree Inc (DLTR) $141.71 1.21%
Westrock Company (WRK) $42.63 1.17%
Carmax Inc. (KMX) $77.07 1.17%
Dish Network Corp. (DISH) $5.26 1.15%
CenturyLink Inc. (LUMN) $1.82 1.11%
TripAdvisor Inc. (TRIP) $21.69 1.05%
Caterpillar Inc. (CAT) $298.65 1.02%
Freeport-McMoRan Inc (FCX) $43.26 0.99%

S&P 500 – Fallers

CME Group Inc. (CME) $209.48 -2.48%
Vornado Realty Trust (VNO) $29.41 -2.42%
Carnival Corp. (CCL) $18.32 -1.59%
Sl Green Realty Corp. (SLG) $47.02 -1.57%
Costco Wholesale Corp. (COST) $664.35 -1.52%
International Flavors & Fragrances Inc. (IFF) $81.19 -1.08%
Xcel Energy Inc. (XEL) $61.65 -0.96%
Macy’s Inc. (M) $20.13 -0.93%
Hanesbrands Inc. (HBI) $4.41 -0.90%
Albemarle Corp. (ALB) $151.19 -0.79%

Nasdaq 100 – Risers

Tesla Inc (TSLA) $262.59 2.33%
Dollar Tree Inc (DLTR) $141.71 1.21%
Dish Network Corp. (DISH) $5.26 1.15%
Mercadolibre Inc. (MELI) $1,592.24 0.99%
Intel Corp. (INTC) $50.98 0.95%
Meta Platforms Inc. (META) $357.71 0.81%
Cintas Corp. (CTAS) $606.86 0.74%
Amazon.Com Inc. (AMZN) $154.42 0.66%
Illumina Inc. (ILMN) $141.52 0.63%
Trip.com Group Limited (TCOM) $34.25 0.62%

Nasdaq 100 – Fallers

NetEase Inc. Ads (NTES) $88.21 -4.32%
Qurate Retail Inc. (QRTEA) $0.85 -2.49%
Costco Wholesale Corp. (COST) $664.35 -1.52%
CSX Corp. (CSX) $34.67 -0.79%
Hasbro Inc (HAS) $51.05 -0.68%
Gen Digital Inc. (GEN) $23.10 -0.52%
Vodafone Group Plc ADS (VOD) $8.73 -0.51%
American Airlines Group (AAL) $14.04 -0.50%
Micron Technology Inc. (MU) $86.64 -0.48%
Paychex Inc. (PAYX) $119.62 -0.47%

Related Articles

Sign up to the Wealth DFM Newsletter

Please enable JavaScript in your browser to complete this form.
Name

Trending Articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast – listen to the latest episode