At the halfway point of the trading day, the Dow Jones Industrial Average
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
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