Major Averages Rise As Investor Await Election Day Results – Acadiana Business Index
- The Dow closed 133 points higher at 13245. The S&P 500 gained 11 points to 1428 while the NASDAQ climbed 12 points to end the session at 3011.
- The major averages rose for a second straight day as investors awaited the results of the U.S. Presidential election.
- Energy was the best performing sector today as crude oil rose above $88 a barrel. Shares of Dow component Exxon rose 98 cents to $91.61. Phillips 66 gained $2.28 to $50.04.
- Industrials also outperformed on today’s session. United Technologies increased $2.07 to $79.97. Emerson added 96 cents to $51.46 after posting better-than-expected quarterly results.
- Financials finished higher with Citigroup rising $1.15 to $38.47.
- Express Scripts was the worst performing stock in the S&P 500 today. Shares of the largest U.S pharmacy benefits manager fell $7.83 to $55.03 after saying analyst estimates for 2013 were too high.
- Breadth on the NYSE was positive by a 19-8 margin on issues and 30-7 on volume. NYSE Composite volume totaled more than 3.2 billion shares. The NASDAQ finished with advancers outpacing decliners by 15-8 on issues and 9-5 on volume.
- Treasuries were lower with the 10-year note declining 9/16 to yield 1.75%.
For the complete report, click Ken's Market Report.