July 1, 2015: Markets opened higher on Wednesday on reports that Greece was prepared to accept the troika’s conditions in order to latch onto another round of bailout money. That turned out not to be true. The referendum set for Sunday is expected to proceed as planned and the prime minister has called on voters to turn out against the troika’s demands. Share prices drifted down most of the day, but managed to hold onto their initial burst to post a daily gain. Shortly before the closing bell the DJIA traded up 0.54% for the day, the S&P 500 traded up 0.48%, and the Nasdaq Composite traded up 0.33%.
The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was The Travelers Companies Inc. (NYSE: TRV) which traded higher by 2.50%% at $99.08. The stock’s 52-week range is $88.81 to $110.49. Trading volume was about 50% above the daily average of around 1.9 million. The insurance company had no specific news today.
The Procter & Gamble Co. (NYSE: PG) traded up 1.76% at $79.62. The stock’s 52-week range is $77.10 to $93.89. Trading volume was about 15% below the daily average of around 7.9 million. The consumer products giant is changing the packaging on its liquid laundry detergent packets in an effort to prevent children from ingesting the contents of the colorful, candy-looking pods.
The Walt Disney Co. (NYSE: DIS) traded up 1.37% at $115.04. The stock’s 52-week range is $78.54 to $115.28. Around 4.2 million shares traded hands today, about 30% below the daily average of around 5.9 million. The Mouse House named Christine McCarthy to be its CFO. She becomes the company’s highest ranking female employee ever.
The Boeing Co. (NYSE: BA) traded up 1.30% at $140.52. The stock’s 52-week range is $116.32 to $158.83. Trading volume was about 35% below the daily average of around 3.7 million. The company issued a new price list today. The most expensive plane in the fleet is a 777-9X which has a list price of $388.7 million.
Of the Dow 30 stocks 24 are set to close higher today and 6 are on track to close lower.
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