Not a Great Day for the Dow, but Not a Terrible One, Either

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

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

Good news came in investor's way today as weekly jobless claims fell last week, and a revised GDP number beat expectations, sending stocks higher for the session.

The Labor Department reported this morning that last week's jobless claims fell to 331,000, down 6,000 from the revised number of 337,000 claims, from two weeks ago. But, this week, economists had expected claims to hit 332,000, so the report still managed to provide a slightly unexpected surprise. 

The other economic data that came in today was the revised GDP number, which also beat expectations. The initial second-quarter reading from the Department of Commerce indicated that GDP grew by 1.7%, but today, that number was revised higher to 2.5%. Economists had expected the revision to come in at 2.2%, which would have been great, but the actual number is much better.

Those two reports helped push stocks higher today as the major indexes all closed in the black. The Dow Jones Industrial Average (DJINDICES: ^DJI  ) ended the session up 16 points, or 0.11%, making it the worst of the three indexes. The S&P 500 increased by .02%, and the Nasdaq rose 0.75%. Now, let's take a look at a few of the Dow's big winners of the day.

Microsoft (NASDAQ: MSFT  ) closed the day higher by 1.61%. Bloomberg News reported today that the company is discussing a possible investment in Foursquare, an app that allows users to read and post recommendations on local restaurants and services, similar to Angie's List or Trip Advisor. It's being reported that talks with Microsoft and Foursquare are in the advanced stages. In the past, Foursquare was a possible take-over candidate by Facebook and Yahoo, but nothing ever came from those talks. If the deal is made by Microsoft, it would give the company another avenue of possible growth, and keep the competition from being able to take the company over. 

Boeing (NYSE: BA  ) was another big winner today, as the stock rose 1.61%. The company announced earlier today that Canada's WestJet Airlines had ordered 65 new Boeing planes worth $6.3 billion. WestJet will use 40 737 Max8s and 25 737 Max7s to replace older aircraft in its fleet. The expected delivery date for the order will start in September 2017. This is good news for Boeing and its shareholders, as it proves that the recent problems with some of the company's aircraft -- mainly the 787 Dreamliner -- is not scaring away customers or orders. 

Because we're talking about the big winners of the day, it's hard to skip over Verizon (NYSE: VZ  ) , which saw its shares rise 2.71% this afternoon. The move came as the result of news that the company is talking with Vodafone (NASDAQ: VOD  ) about purchasing its 45% stake in Verizon Wireless. According to reports, the deal could cost Verizon $130 billion, which is certainly a crazy-high number. But it would give the company undisputed complete control and the full amount of Verizon Wireless's profits. 

More foolish insight

Want to get in on the smartphone phenomenon? Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not your typical household name, either. In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

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: 2616544, ~/Articles/ArticleHandler.aspx, 9/26/2016 6:44:24 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 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 4:55 PM
^DJI $18261.45 Down -131.01 -0.71%
BA $131.78 Down -0.09 -0.07%
Boeing CAPS Rating: ****
MSFT $57.43 Down -0.39 -0.67%
Microsoft CAPS Rating: ****
VOD $29.15 Down -0.48 -1.62%
Vodafone CAPS Rating: ****
VZ $52.56 Up +0.21 +0.40%
Verizon Communicat… CAPS Rating: ****