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



Dow Can't Hold Gains Following Positive Economic Data

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.

It's another up-and-down day for the markets, and we're quickly losing gains made around midday. Near the end of trading, the Dow Jones Industrial Average (INDEX: ^DJI  ) has fallen 0.07%, and the S&P 500 (INDEX: ^GSPC  ) is up 0.09%.

The midday gains were driven by positive jobs data released this morning. ADP said the private sector added 162,000 jobs in September, beating estimates of 152,000. This is giving investors hope that Friday's release from the Department of Labor may be better than expected. ISM data from August was also better than expected.

Stocks moved mostly higher on the positive data, but there were some big losers today.

Hewlett-Packard (NYSE: HPQ  ) fell 11%, dragging down the Dow, after the company said its results would be worse than expected. The tech giant is trying to turn around its operations after years of missteps, and CEO Meg Whitman will need more time than expected. Still, the company foresees adjusted earnings of $3.40 to $3.60 per share in fiscal 2013, which makes the stock look cheap if a turnaround ever materializes.

Crude oil fell 3.6% this afternoon to $88.50 as traders worried about demand around the world. The data released in the U.S. today seems to indicate that the commodity should be headed in the opposite direction, but this is clearly a worldwide market. Jobs data was better than expected, and inventories fell by 500,000 barrels where analysts expected a 1.5 million increase, but worry about China's services industry and Europe have dragged oil lower. ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) fell 0.4% and 1.4%, respectively, as a result.

Tonight the focus turns to the presidential race, when the two candidates debate in Denver, and investors should begin preparing for changes in Washington. To help you, we’ve created a free report that highlights stocks that could skyrocket after the election. Click here for more details. 

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

The Motley Fool owns shares of Exxon Mobil. Motley Fool newsletter services have recommended buying shares of Chevron. 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 (0)

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: 2042649, ~/Articles/ArticleHandler.aspx, 10/23/2016 11:35:32 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 2 days ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars
CVX $101.30 Down -0.57 -0.56%
Chevron CAPS Rating: ****
HPQ $13.80 Down -0.30 -2.13%
HP CAPS Rating: ***
XOM $86.62 Down -0.59 -0.68%
ExxonMobil CAPS Rating: ****