Dow Jones Jumps 2.97 percent on Tuesday with Exxon Mobil, Chevron and JP Morgan among top Bulls

US stock markets performed on Tuesday as the Dow Jones Industrial Average gained 2.97 percent or 322.11 points to close at 11,176.76 points. Standard and Poor’s 500 jumped 3.43 percent or 38.53 to close at 1,162.35 while NASDAQ Composite surged 4.29 percent or 100.68 points to close at 2,446.06 points.

Exxon Mobil Corporation (NYSE:XOM) jumped 4.96 percent in yesterday’s trading session to close at $73.66. The traded volume stood at 38.01 million shares which exceeded its average traded volume of 23.57 million shares per day. High traded volume sure depicted that the stock is trading on upbeat sentiments however the share price was still 5.91 percent below its 50-day simple moving average. This showed that the stock has more margins for capital gains. Today XOM is slightly down by 0.31 percent to $73.43 with traded volume of 15.70 million shares by the end of the trading session.

Chevron Corporation (NYSE:CVX) soared 4.32 percent to close at $97.33 with traded volume of 12.26 million shares. Chevron maintains the average traded volume of 9.47 million shares per day. Chevron also seems very cheaper as it is trading at a price to earnings of 8.50 times with dividend yield of 3.21 percent. Today the stock has gained 0.27 percent to close at $97.59 with traded volume of 6.39 million shares.

JPMorgan Chase & Co (NYSE:JPM) surged 4.10 percent to close at $34.78 with traded volume of 55.66 million shares for the day. On average the share price traded with 40.04 million shares per day. JPM also looks very attractive as per its price to earnings of 7.43 times. Today the stock kept moving in its bullish rally and advanced 3.02 percent to close at $35.83 with traded volume of 36.07 million shares per day.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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