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



Dow Heads Higher Amid Election

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

As voters flock to the polls, the markets have taken it upon themselves to head higher. Roughly halfway through the trading session, the Dow Jones Industrial Average (INDEX: ^DJI  ) is up by 83 points, or 0.63%.

What's driving the Dow today
With an election that's too close to call, many are speculating that the outcome will send stocks higher by reducing uncertainty in the market. According to Michael Farr, the president of investment manager Farr, Miller and Washington, who was quoted in The Wall Street Journal: "I think that you see a surge no matter who gets elected. Markets will likely go up because there's been so much uncertainty, any clear direction is probably good."

That said, advice like this should probably be taken with a grain of salt. As my colleague Morgan Housel pointed out, there's little discernible correlation between elections and stock performance. "People hate to think of the economy as that unpredictable," Morgan says, "but it's the reality." He then goes on to note that "the odds are quite good that the most important business stories of the next five or 10 years will have nothing to do with who wins the election."

In terms of individual stocks, the biggest winners today are Hewlett-Packard (NYSE: HPQ  ) and United Technologies (NYSE: UTX  ) , both up more than 2%. The former's bottom line has been plagued by slow personal computer sales, making it the worst-performing stock on the Dow this year, down nearly 45%. Now that Windows 8 is out, however, some are expecting this trend to reverse itself.

Among the biggest losers, alternatively, are telecom giants AT&T (NYSE: T  ) and Verizon (NYSE: VZ  ) . Both companies have been reeling since Hurricane Sandy crippled vast swaths of their cellular networks. At one point, it was estimated that a full 25% of Verizon's towers in the affected area were compromised in one way or another. The pullback may be seen as a bonus to dividend investors looking for good entry points given the companies' generous dividends of 5% and 4.6%, respectively.

The Foolish bottom line
Regardless of who wins the election today, there are a handful of stocks that are bound to benefit either way. To learn the identities of a handful that could skyrocket after the votes are counted, simply click here now.

Read/Post Comments (0) | Recommend This Article (4)

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: 2098111, ~/Articles/ArticleHandler.aspx, 10/26/2016 3:31:04 AM

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 6 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -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

10/25/2016 4:01 PM
HPQ $13.90 Down -0.07 -0.50%
HP CAPS Rating: ***
T $36.70 Down -0.16 -0.43%
AT and T CAPS Rating: ****
UTX $101.36 Up +1.84 +1.85%
United Technologie… CAPS Rating: ****
VZ $47.84 Down -0.37 -0.77%
Verizon Communicat… CAPS Rating: ****