Intel, Cisco Systems and Microsoft Corporation Jumps as DJIA Jumps 103 Points

Bulls dominated the Wall Street on Wednesday as the Dow Jones Industrial Average jumped 0.81 percent or 103.16 points to settle at 12,908.70. Standard & Poor’s 500 index advanced 0.67 percent or 9.11 points to settle at 1,372.78 while NASDAQ Composite gained 1.12 percent or 32.56 points to close at 2,942.60 for the day.

Intel Corporation (INTC) surged 3.27% to close at $26.21 in yesterday’s session. The company’s total outstanding common stock accumulates up to 5.03B billion out of which 5.02B billion shares are floated in the stock market. Insiders hold 0.04% of the total outstanding common stock while 62.40% of outstanding shares are held by different institutions.

Cisco Systems, Inc. (CSCO) gained 2.90% to close at $16.70. The traded volume stood at 33.20M shares as compared to its average traded volume of 36.52M shares per day. The company’s total outstanding common stock accumulates up to 5.36B billion out of which 5.35B billion shares are floated in the stock market. By the end of the session the stock’s price to earnings ratio stood at 12.34 times. Its dividend yield stands at 1.92 percent.

Microsoft Corporation (MSFT) increased 2.66% to close at $30.45. The traded volume stood at 40.11M shares as compared to its average traded volume of 41.96M shares per day. The share price’s market capitalization stood at $255.81B by the end of the trading session while its total outstanding shares accumulate up to 8.40B. By the end of the session the stock’s price to earnings ratio stood at 11.08 times.

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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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