Why the Dow Went Nowhere This Morning

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

At first glance, you'd think that today's news would have set the stage for a stock market rally. Homebuilders are more confident about the housing market than they've been in five years, and a flat reading on the U.S. Consumer Price Index has dampened any fears of imminent inflation. But a pessimistic regional outlook from the New York Fed kept stocks in check, and just before 10:45 a.m. EDT, the Dow Jones Industrials (INDEX: ^DJI  ) were down 12 points.

Among Dow stocks, Wal-Mart (NYSE: WMT  ) was in the news, rising 0.5% despite allegations from two U.S. representatives that they had found evidence suggesting possible tax evasion and money laundering at the company's Wal-Mart de Mexico affiliate. For the most part, Wal-Mart's U.S. shares have ignored the Mexican bribery scandal, instead rising on the prospects for attracting additional customers if the economy continues to remain fairly weak.

Travelers (NYSE: TRV  ) climbed 0.8%, continuing to trade near its highs for the year. For the most part, the hurricane season has thus far been free of major losses, yet with Allstate (NYSE: ALL  ) having exited many lucrative markets on the Eastern Seaboard, Travelers and other competitors have been able to reap some benefits.

Finally, Verizon (NYSE: VZ  ) was down slightly. Apparently, its coming expansion of its 4G LTE network in the Sioux City, Iowa area wasn't enough to get investors more excited about the stock. But if the expected fall release of the next iPhone becomes reality, you can expect Verizon and its mobile network rivals to garner a lot more attention.

Go somewhere
Stocks don't always move big every day, but over time, it's the stocks that deliver steady but solid growth that can make the biggest difference to your portfolio. To discover some, look no further than The Motley Fool's special report on the Dow, where you'll find three Dow stocks with both promising growth prospects and strong dividends.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1985272, ~/Articles/ArticleHandler.aspx, 10/28/2016 5:59:08 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,161.19 -8.49 -0.05%
S&P 500 2,126.41 -6.63 -0.31%
NASD 5,190.10 -25.87 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/28/2016 4:33 PM
^DJI $18161.19 Down -8.49 -0.05%
ALL $67.53 Down -0.06 -0.09%
Allstate CAPS Rating: ****
TRV $108.43 Up +0.41 +0.38%
The Travelers Comp… CAPS Rating: *****
VZ $48.21 Down -0.33 -0.68%
Verizon Communicat… CAPS Rating: ****
WMT $69.99 Up +0.16 +0.23%
Wal-Mart Stores CAPS Rating: ***