Post #63 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report.
The Dow Jones Industrial Average closed Wednesday at 9279.16 up 61.22 or 0.66% 9217.94 from Tuesday's close of 9217.94. Of the 30 Dow Companies: 8 gained and 22 declined with the biggest loser being Alco AA $12.48 -0.44 3.41% 42,436,585 NYSE and the biggest gainer being Exxon Mobil XOM $68 +1.51 2.27% 27,878,285 NYSE.
The current divisor for the Dow found at today's page C4 of The Wall St. Jrnl is .132319125 unchanged.
Wednesday's Dow Jones Industrial Average closing numerator was 1227.81 up 8.1 from Tuesday's closing Dow numerator of 1219.71. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor.
Now, if you divide the Dow numerator increase for today of 8.1 by the divisor you get 61.22, the increase in Wednesday's Dow close.
The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 40.93 up 0.27 from Tuesday's Dow Jones Industrial Average closing price of 40.66. The median closing price of Wednesday's Dow Jones Industrial Average was 36.65 down 0.05 from Tuesday's Dow Jones median closing price of 36.70.
The highest closing price Wednesday again was IBM $118.57 +0.94 0.8% 4,802,002 NYSE and the lowest closing price Wednesday again was Alcoa AA $12.48 -0.44 3.41% 42,436,585 NYSE.
The lowest volume Wednesday was MMM $70.79 +0.44 0.63% 3,907,040 NYSE and the highest volume again was BAC BofAm $16.75 -0.15 0.89% 197,075,398 NYSE.
If Wednesday morning before the market opened you had purchased $100 of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have made $801
($122,781 - $121,980)
Wednesday's Closing Dow closing numbers:
Symb/Last/Change/% Change/Vol./Market
T $25.38 +0.28 1.12% 19,810,177 NYSE
AA $12.48 -0.44 3.41% 42,436,585 NYSE
AXP $31.7 0+.01 0.03% 7,647,892 NYSE
BAC $16.75 -0.15 0.89% 197,075,398 NYSE
BA $43.52 -0.26 0.59% 6,553,328 NYSE
CAT $45.17 +0.06 0.13% 9,008,692 NYSE
CVX $68.16 +1.22 1.82% 11,152,348 NYSE
CSCO $21.24 +0.23 1.09% 38,994,444 NASDAQ-GS
KO $49.36 +0.75 1.54% 8,493,451 NYSE
DD $31.89 +0.56 1.79% 6,781,571 NYSE
DIS $25.48 +0.28 1.11% 11,079,561 NYSE
XOM $68 +1.51 2.27% 27,878,285 NYSE
GE $13.53 -0.06 0.44% 60,148,567 NYSE
HPQ $43.83 -0.13 0.3% 25,254,369 NYSE
HD $26.75 -0.18 0.67% 19,420,912 NYSE
INTC $18.8 +0.028 0.15% 48,001,669 NASDAQ-GS
IBM $118.57 +0.94 0.8% 4,802,002 NYSE
JPM $41.41 -0.29 0.7% 29,195,579 NYSE
JNJ $60.37 +0.57 0.95% 10,414,319 NYSE
KFT $28.63 +0.69 2.47% 10,196,694 NYSE
MCD $55.65 +0.39 0.71% 7,943,722 NYSE
MRK $31.48 +0.77 2.51% 20,316,662 NYSE
MSFT $23.65 +0.07 0.3% 41,564,547 NASDAQ-GS
PFE $16.37 +0.39 2.44% 46,309,532 NYSE
PG $52.8 +0.35 0.67% 12,108,195 NYSE
MMM $70.79 +0.44 0.63% 3,907,040 NYSE
TRV $47.96 +0.45 0.95% 4,489,381 NYSE
UTX $56 -0.81 1.43% 6,579,492 NYSE
VZ $30.43 +0.15 0.5% 10,787,230 NYSE
WMT $51.67 +0.31 0.6% 14,327,900 NYSE