Intel Powers the Dow

Giant chip-maker Intel (NASDAQ: INTC  ) is driving the Dow Jones Industrial Average (DJINDICES: ^DJI  ) this morning, as the technology titan revels in new product announcements and an analyst upgrade.

Jeffries released an upgrade from "hold" to "buy" on the tech firm earlier today, commenting on the company's push to produce more powerful, energy-efficient microprocessors at the lowest prices. The analyst noted that this momentum will likely result in a larger market share for Intel, particularly in mobile.

Intel made a slew of new product announcements earlier this week at its developer forum, including its new vPro chip for business applications, as well as its much-anticipated Bay Trail series of microchips for tablets and 2-in-1 tablet-laptop hybrid devices. The new line of chips is expected to deliver up to three times the performance of its predecessor, the Clover Trail.

Financials float higher
Banking stocks are looking brighter today, as both Bank of America and JPMorgan Chase (NYSE: JPM  ) produce some respectable gains by late morning. JPMorgan has committed to spending $4 billion more on housekeeping beginning this year, in an effort to clean up problems with regulatory compliance issues.

The bank has been having a boatload of problems with its internal risk controls, and has spent more on legal expenses tied to this issue since 2008 than any other bank, according to The Wall Street Journal.

Retail sales
Procter and Gamble (NYSE: PG  ) and Wal-Mart (NYSE: WMT  ) are also in the green today, following the U.S. Census Bureau's report on retail sales. Although the increase for August, at 0.2%, was less than analysts had hoped, there was some good news, as well. Numbers for July were bumped up to a gain of 0.4%, compared to the original increase of 0.2%.

While it's unknown whether August's numbers will be revised upward as well, investors in the personal-products purveyor and popular retailer certainly don't seem worried about the smaller-than-anticipated increase.

Wal-Mart may also be getting a boost following a mayoral veto in Washington, D.C., of a bill that would have forced big retailers to pay their employees a minimum wage of $12.50 per hour. Meanwhile, Procter and Gamble investors seem pleased with P&G's recently announced efforts to boost the bottom line by "downsizing" packages of its most popular lines of disposable diapers, a change that will take effect on Monday.

Tax increases that took effect at the beginning of 2013 affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "How You Can Fight Back Against Higher Taxes," the Motley Fool's tax experts run through what to watch out for in doing your tax planning this year. With its concrete advice on how to cut taxes for decades to come, you won't want to miss out. Click here to get your copy today -- it's absolutely free.

Read/Post Comments (0) | Recommend This Article (2)

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: 2636853, ~/Articles/ArticleHandler.aspx, 9/28/2016 2:56:33 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 5 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

9/27/2016 4:45 PM
^DJI $18228.30 Up +133.47 +0.74%
INTC $37.18 Up +0.53 +1.45%
Intel CAPS Rating: ****
JPM $66.36 Up +0.58 +0.88%
JPMorgan Chase CAPS Rating: ****
PG $88.36 Up +0.51 +0.58%
Procter and Gamble CAPS Rating: ****
WMT $72.33 Up +0.71 +0.99%
Wal-Mart Stores CAPS Rating: ***