Dow Closing in on Another Record

Shares of major U.S. stock indices moved slightly higher today, continuing a move into record territory. At 3:15 p.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) is up 0.14% and the S&P 500 (SNPINDEX: ^GSPC  ) has gained 0.22% from yesterday's close. The big economic report of the day came from China, where the General Administration of Customers said exports jumped 14.7% to bring the country back into a trade surplus. Economists, who said cargo data didn't back up such strong export numbers, met the data with skepticism.  

Alcoa (NYSE: AA  ) is up 2.1% on the increased exports from China. The country is still one of the few countries growing GDP, and if its exports are up, that could mean an increase in aluminum demand. Alcoa is cutting capacity as demand and prices fall, so investors are looking for any kernel of good news they can find. Another note is that Alcoa's stock goes ex-dividend tomorrow, which means holders of the stock at the close of the market today will receive the $0.03 dividend.  

McDonald's (NYSE: MCD  ) was the big loser on the Dow, falling 1.4% today. The company reported a 0.6% decline in global same-store sales in April as Europe and China offset improvements in the U.S. The Asia/Pacific, Middle East, and Africa region posted a 2.9% drop in same-store sales as Avian influenza scared off customer. The good news was a 0.7% increase in U.S. sales, which shows continued steady growth here at home.  

Disney (NYSE: DIS  ) was the big earnings report, and despite beating estimates on the top and bottom line, the stock has had a down day. It dropped 2.3% in early trading and has recovered slightly to just a 0.9% loss in late trading. Revenue was up 10% in the first quarter to $10.55 billion, and net income was up to $1.51 billion, or an adjusted $0.79 per share. Earnings beat estimates by two cents, and the company appears to be clicking on all cylinders. 

It's easy to forget that Walt Disney is more than just the House of Mouse. True, Disney amusement parks around the world hosted more than 121 million guests in 2011. But from its vast catalog of characters to its monster collection of media networks, much of Disney's allure for investors lies in its diversity, and The Motley Fool's premium research report lays out the case for investing in Disney today. This report includes the key items investors must watch as well as the opportunities and threats the company faces going forward. So don't miss out -- simply click here now to claim your copy today.


Read/Post Comments (0) | Recommend This Article (1)

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.

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: 2418033, ~/Articles/ArticleHandler.aspx, 9/18/2014 1:52:17 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...


Advertisement