Dow Soars to New All-Time High with Nearly All Components Trading in the Green

Michael Teague |

Dow Soars to New All-Time High with Nearly All Components Trading in the GreenThat Dow Jones Industrial Average broke its all-time high during Tuesday’s trading was not exactly a surprise. Indeed, it had been anticipated for at least a few days, if not longer. The mid-day high of 14,286.37 eclipses the previous record that was set on October 9, 2007, when the DIJA closed at 14,164.



Of the 30 stocks on the index, 28 are currently trading in the green: Hewlett Packard Company (HPQ) leads the way with a near 3-percent at $20.57 per share, aerospace company United Technologies Corp. (UTX) is up 2.27 percent at $91.15 per share, Boeing Co. (BA) is up 1.40 percent to $78.17 per share, International Business Machines Corp. (IBM) is up 0.82 percent to $206.88 per share, Cisco Systems Inc. (CSCO) is up 2.22 percent to $21.20 per share, Bank of America Corp. (BAC) is up 1.88 percent to $11.63 per share, 3M Co. (MMM) is up 1.46 percent to $104.79 per share, and Caterpillar (CAT) regained on its losses yesterday, up 1.19 percent to $90.82 per share.

The Dow’s surge Tuesday comes in the face of several economic uncertainties. On Friday, not only did the dreaded sequestration go into effect--the whole drama is still more or less unresolved, with neither party in Washington putting a viable proposal to deal with or avert automatic spending cuts on the table.  On top of that, Friday also saw the Chinese government announcing new restrictions on home buying that had the markets the world over biting their nails.

Furthermore, the economic recovery that has been taking place in the United States has been spoken of almost invariably with caution. There has been a unanimous “wait-and-see” attitude, even in the previously lowly housing market where solid numbers would otherwise seem to permit an optimistic outlook.

Other movers on the Dow today include Exxon Mobil Corp. (XOM) up 1.24 percent to $90.82, Walt Disney Co. (DIS) up 1.17 percent to $56.46, Verizon Communications Inc. (VZ) up 0.96 percent to $47.56, and Pfizer Inc. (PFE), up 1.53 percent to $28.11 per share. The two biggest laggards on the day thus far are Merk & Co. (MRK) and The Coca-Cola Co. (KO).

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Companies

Symbol Name Price Change % Volume
MMM 3M Company 178.49 -0.19 -0.11 1,761,850
IBM International Business Machines Corp 170.55 3.74 2.24 12,690,029
U:CA Uranium Participation Corporation 4.26 0.10 2.40 95,684
UTX United Technologies Corporation 110.79 0.06 0.05 3,134,293
CSCO Cisco Systems Inc. 30.10 0.12 0.40 22,754,366
DIS Walt Disney Company (The) 107.66 0.38 0.35 5,648,970
VZ Verizon Communications Inc. 52.72 0.36 0.69 15,473,748
BAC Bank of America Corporation 22.64 0.11 0.49 102,564,870
XOM Exxon Mobil Corporation 85.89 1.16 1.37 18,739,659
PFE Pfizer Inc. 31.77 0.07 0.22 30,159,695
HPQ HP Inc. 14.73 -0.13 -0.87 14,687,037
BA Boeing Company (The) 159.53 0.53 0.33 3,384,525
MRK Merck & Company Inc. (new) 62.53 2.20 3.65 25,240,347
KO Coca-Cola Company (The) 41.32 0.18 0.44 14,695,409
CAT Caterpillar Inc. 94.58 1.20 1.29 5,045,228

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