GE and 2 Blue Chips Pulling the Dow Jones Industrial Average to New Heights
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 3.43% and stands at 11,952. The large stocks below are among the positive performers today.
General Electric (NYSE:GE): General Electric is up big with the rest of the broader market today. The gains of the stock were almost all in the first few minutes of trading today. GE shares recently traded at $15.70, up $0.78, or 5.23%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 48,218,279 shares versus a 3-month average volume of 70,000,100 shares. The company’s trailing P/E is 12.01, while trailing earnings are $1.31 per share.
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Caterpillar (NYSE:CAT) If Caterpillar is used as a barometer for global economic activity, then there is reason for optimism. If Caterpillar and the rest of the market is up because of the stopgap measure to stop the bleeding in Europe, then there is some cause for concern. CAT shares recently traded at $97.13, up $6.59, or 7.28%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 7,561,201 shares versus a 3-month average volume of 10,346,100 shares. The company’s trailing P/E is 14.84, while trailing earnings are $6.54 per share.
Alcoa (NYSE:AA): After falling precipitously, Alcoa is making a comeback, and experienced great days on Monday and today. AA shares recently traded at $9.81, up $0.5, or 5.37%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 22,350,487 shares versus a 3-month average volume of 34,251,400 shares. The company’s trailing P/E is 10.29, while trailing earnings are $0.95 per share.