Procter - Worst Performing Dow Component

Published on Wednesday, 01 September 2010 12:35 Written by Gerard Lerod

New York, September 1st (TradersHuddle.com) - The Dow Jones Industrial Average is higher trading at 10249.2, which represents 2.34% versus its previous trading session close. The blue chip index is having a broad rally with all of the Dow components trading higher.

Caterpillar (NYSE:CAT) is the Dow's top performer this morning with the stock trading at $68.46 representing 5.06% versus the previous trading session. Shares of Caterpillar, the largest earth moving equipment maker in the world have defined support at $63.34 and resistance at $70.76.

Bank of America (NYSE:BAC) is also among the top performers early in the trading session, trading at $13.09 representing 5.04% from its previous close. Bank of America, the largest U.S. lender has calculated support and resistance levels at $12.42 and $14.65 respectively. The other top performer this morning is General Electric (NYSE:GE), which is trading at $15.03 representing 3.8% from the previous trading session.

The Dow's worst performers include Procter (NYSE:PG) that is trading at $59.98 or 0.52% from the previous close. Shares of Procter, the global consumer products company have defined support at $59.17 and resistance at $62.89. Also among the worst performers we have AT&T (NYSE:T), which is trading at $27.37 representing 1.26% from the previous trading session.

Benchmark crude for October delivery is also trading higher at $73.46 a barrel on the New York Mercantile Exchange higher by $-0.97 from the previous trading session.

The Dow is underperfoming the S&P 500 but is pretty much equal with the NASDAQ composite. The S&P 500 is currently trading at 1077.51, which represents 2.69% from previous close, the Nasdaq on the other hand is trading at 2170.5 that represents 2.67% from previous session.