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).

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
MMM 3M Company 201.76 2.80 1.41 2,126,495 Trade
IBM International Business Machines Corporation 145.49 1.41 0.98 2,895,223 Trade
U:CA Uranium Participation Corporation 4.24 0.10 2.42 200,737
UTX United Technologies Corporation 128.05 2.86 2.28 4,701,149 Trade
CSCO Cisco Systems Inc. 43.75 0.54 1.25 21,786,193 Trade
DIS The Walt Disney Company 104.06 0.13 0.13 5,849,505 Trade
VZ Verizon Communications Inc. 48.43 0.69 1.45 8,588,842 Trade
BAC Bank of America Corporation 30.55 0.29 0.96 34,987,224 Trade
XOM Exxon Mobil Corporation 82.28 0.98 1.21 8,822,364 Trade
PFE Pfizer Inc. 35.80 0.16 0.45 16,890,829 Trade
HPQ HP Inc. 22.09 -0.05 -0.23 6,349,838 Trade
BA The Boeing Company 363.92 12.69 3.61 6,786,157 Trade
MRK Merck & Company Inc. (new) 58.57 -0.57 -0.96 8,475,404 Trade
KO Coca-Cola Company (The) 42.41 0.23 0.55 9,110,332 Trade
CAT Caterpillar Inc. 158.92 3.21 2.06 5,854,693 Trade

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