Stocks Post Biggest 4 Month Gain

Stocks posted their biggest one day advance in four months, in a broad based rally that had all three major indices climbing sharply. The Dow added 331.62 points (2.9%), closing at 11615.77, the S&P 500 rose 35.87 (2.9%) to close at 1284.8, while the tech laden Nasdaq rose 2.8% or 64.27 to close at 2349.83.

The rally stared right at the open, on falling crude oil prices and then in the afternoon, after details of The FOMC meeting were released, stocks added to an already triple digit rally.

Of the thirty Dow stocks, all but Chevron (CVX) helped the DOW advance today, with AIG (AIG) posting the biggest percentage gain, closing up 11.99%, to close at $29.89. Some of the other big movers in the Dow included Boeing (BA) for 6.2%, Proctor and Gamble (PG) for 3.27% and Walmart (WMT) for 3.27%

Stock Symbol Closing Price Change % Change Volume
Alcoa AA 31.83 0.79 2.55% 14,390,101
AIG AIG 29.89 3.2 11.99% 41,640,626
American Express AXP 38.72 1.87 5.07% 14,612,619
Boeing BA 65.20 3.84 6.26% 8,940,792
Bank of America BAC 33.58 0.96 2.94% 74,263,273
Citigroup Inc C 19.92 1.09 5.79% 92,434,629
Caterpillar CAT 68.18 0.75 1.11% 6,008,527
Chevron CVX 82.49 -0.31 -0.37% 21,513,591
Dupont DD 43.93 1.77 4.20% 7,749,887
Walt Disney DIS 31.31 0.94 3.10% 15,539,955
General Electric GE 29.25 1.08 3.83% 52,218,455
General Motors GM 10.69 0.59 5.84% 20,459,007
Home Depot Inc HD 24.89 1 4.19% 14,261,092
Hewlett-Packard HPQ 45.00 1.06 2.41% 13,179,332
IBM IBM 128.87 1.31 1.03% 6,967,798
INTEL INTC 23.02 0.64 2.86% 54,523,358
Johnson & Johnson JNJ 70.45 1.47 2.13% 20,178,860
JPMorgan Chase JPM 41.89 1.75 4.36% 35,760,438
Coca-Cola KO 54.91 1.01 1.87% 12,738,888
McDonald MCD 62.33 1.78 2.94% 13,239,332
3M MMM 71.88 2.13 3.05% 4,864,468
Merck & Co. MRK 34.70 1.3 3.89% 15,937,735
Microsoft MSFT 26.21 0.93 3.68% 84,221,091
Pfizer Inc PFE 19.71 0.73 3.85% 56,663,101
Procter & Gamble PG 67.97 2.15 3.27% 20,232,495
AT&T Inc T 31.05 0.88 2.92% 27,158,022
United Technologies UTX 65.54 1.78 2.79% 5,552,838
Verizon VZ 34.55 0.72 2.13% 13,619,482
Wal-Mart Stores WMT 60.34 1.91 3.27% 37,574,738
Exxon Mobil Corp. XOM 78.35 1.75 2.28% 39,534,866

 

August 5, 2008 | Filed Under Stocks | Leave a Comment