Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



These Stocks Are Leading the Dow Higher

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 the halfway point of the trading day, the Dow Jones Industrial Average (INDEX: ^DJI  ) is basically unchanged, up just 14 points (or 0.11%) to 13,117. That's down 221 points from the one-year high of 13,338, which was set last Tuesday.

There were two economic data releases today, and they were positive for stocks. The Commerce Department revised Q2 GDP up to 1.7% versus the previously reported 1.5%. The government's GDP data is revised twice as better data becomes available.

The second economic data release was the National Association of Realtors' pending home sales index, which rose 2.4% in July. The index reached its highest level since April 2010. The index measures home sale contracts as opposed to home sale closings. The news is positive for stocks and companies affected by the housing market.

Investors are looking forward to Federal Reserve Chairman Ben Bernanke's speech on Friday in Jackson Hole, Wyo. Announcements from Bernanke are always scrutinized for clues of the Fed's future plans.

In any event, stocks today are up very slightly.

Today's Dow leaders
Today's Dow leader is Verizon (NYSE: VZ  ) , up 1.37% (or $0.59) to $43.26, with AT&T (NYSE: T  ) second for the day, up 0.85% (or $0.31) to $36.95. The stocks are up on speculation that Apple (Nasdaq: AAPL  ) will unveil and begin selling the next iPhone in September. That is good news for Verizon and AT&T -- and bad news for Sprint (NYSE: S  ) . The new iPhone will likely come with 4G LTE data connectivity. Verizon and AT&T are much further ahead in their rollouts of their LTE networks than Sprint is. That means the launch of a new iPhone will be a great time for the pair to poach customers from Sprint.The news of a new iPhone is better for Verizon than AT&T, as iPhone users have had some qualms with how AT&T treats them, so new iPhone users may flock to Verizon rather than AT&T.

The best approach
Watching the broad market each day is exciting, but investing doesn't have to be gut-wrenching and stressful. If you're in the mood to pick up some solid buys for the long term, The Motley Fool has created a brand-new free report that focuses on three Dow stocks with both promising growth prospects and strong dividends. It can be yours -- absolutely free! -- just click here.

Dan Dzombak can be found on his Facebook page. He has no positions in any company mentioned. Click here and like his Facebook page to follow his investing articles. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have also recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (3)

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: 2000677, ~/Articles/ArticleHandler.aspx, 10/26/2016 1:54:07 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 18,196.29 27.02 0.15%
S&P 500 2,137.17 -5.99 -0.28%
NASD 5,252.53 -30.87 -0.58%

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

10/26/2016 1:38 PM
^DJI $18194.61 Up +25.34 +0.14%
AAPL $115.00 Down -3.25 -2.75%
Apple CAPS Rating: ****
S $6.37 Down -0.14 -2.08%
Sprint CAPS Rating: **
T $36.42 Down -0.28 -0.77%
AT and T CAPS Rating: ****
VZ $47.76 Down -0.09 -0.18%
Verizon Communicat… CAPS Rating: ****