The Dow Jones Industrial Average is Up -- But Don't Thank the Jobs Report

Stocks are up today after another dismal jobs report, but Boeing and IBM are helping drive the Dow.

Feb 7, 2014 at 3:30PM

It was another ho-hum jobs report from the Department of Labor today, showing 113,000 jobs added to the economy last month and a slight decline in the unemployment rate to 6.6%. The report included revisions in previous months that added another 34,000 jobs and also showed a slight uptick the labor participation rate from 62.8% to 63%.  

There's a little bit of everything in this report and it doesn't show any type of pickup in employment in 2014. Still, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.93% on the day and the market has almost reversed all of the losses from early in the week.  

Two of the Dow's highest price stocks, Boeing (NYSE:BA) and IBM (NYSE:IBM), are up nicely and that's having a big impact on this price-weighted index.

Boeing keeps the momentum going
Not only was Boeing the top stock in the Dow last year, but it recorded a 7.8% increase in aircraft deliveries to a record of 648. Today came word that the momentum could continue, with Ethiopian Airlines reportedly interested in buying 10 Boeing 777X aircraft. If made at list price, which rarely happens, the order could be worth $3.8 billion to Boeing.  

At this point, not even another software glitch on a Boeing 787 Dreamliner this week -- this one on an Air India plane that had to divert to Malaysia -- can gain the attention of investors. Boeing is in full expansion mode, and with airlines around the world increasing capacity it the aerospace giant should enjoy increased demand for the next decade. The stock was up 3.3% in late afternoon  

IBM selling its chip business?
IBM, meanwhile, was up 1.4%. Reports surfaced this morning that the company is considering selling its traditional chip business and has hired Goldman Sachs to explore alternatives.  

Last month, IBM sold its server business as part of a long-term move away from hardware and into software and services. The move to sell its chip business wouldn't be a huge surprise given this shift, though reports indicate that if a decent price or joint venture partner isn't found the company is OK with keeping it in-house.

How to look at the market on days like this
On days like this isn't important to keep an eye on investments for long-term trends because the market can react irrationally to short-term data points. Our CEO, legendary investor Tom Gardner, always has an eye on the long term and he's permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 

Travis Hoium has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.


Compare Brokers