Apple Could Help Keep These 2 Dow Companies Afloat Today

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.

The sideshow in Washington continues as the government slowdown begins another week, and debt ceiling negotiations look like a non-starter. Both the Dow Jones Industrial Average (DJINDICES: ^DJI  ) and the S&P 500 are fairly depressed this morning, and it seems a sure bet that a looming default on the U.S. debt is making markets nervous.

Happy faces
Some Dow companies are up today, notably AT&T (NYSE: T  ) and Verizon (NYSE: VZ  )  -- and they may have tech giant Apple to thank for it. The latter's spiking 5S and 5C iPhone sales have lifted its fortunes recently, and iPhone vendors AT&T and Verizon are sharing the spotlight, too, as both communications companies see increased sales for the popular gadgets.

Deals offered by big-box retailers Best Buy and Wal-Mart, which offer the iPhone 5C for half off the retail price -- and come with two-year contracts with AT&T, Sprint, or Verizon -- certainly can't be hurting, either.

Long faces
Many Dow components are listless today, with financials looking particularly wan. With no specific news about credit card issuers Visa (NYSE: V  ) and American Express (NYSE: AXP  ) on tap today, those companies could be suffering from a general fearfulness surrounding the debt ceiling crisis, and the effect that a lack of congressional action will have on the country's credit. Both credit card companies have experienced stellar share price growth over the past year, with Visa soaring by almost 34%, and American Express increasing by 25%.

JPMorgan Chase is also a laggard, reflecting some of the general malaise affecting markets so far today. Possibly causing some additional pain was a midmorning report on mortgage rates, in which analysts noted the huge jump in long-term interest rates since May. This has effectively cut the pool of refinance candidates in half, not good news for banks.

Find out which tech giant could make you rich
The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to rule the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!

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: 2671205, ~/Articles/ArticleHandler.aspx, 9/30/2016 12:57:07 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 Moments ago Sponsored by:
DOW 18,320.72 177.27 0.98%
S&P 500 2,170.19 19.06 0.89%
NASD 5,315.35 46.19 0.88%

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

9/30/2016 12:41 PM
^DJI $18319.97 Up +176.52 +0.97%
AXP $64.11 Up +0.74 +1.17%
American Express CAPS Rating: ****
T $40.78 Up +0.05 +0.12%
AT and T CAPS Rating: ****
V $82.32 Up +0.40 +0.48%
Visa CAPS Rating: *****
VZ $52.25 Up +0.13 +0.25%
Verizon Communicat… CAPS Rating: ****