Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Dow Drifts on a Quiet Day; Nike Leads Gainers as Boeing Seeks Rebound

After three straight days of losses, the Dow Jones Industrials (DJINDICES: ^DJI  ) still didn't come up with lasting upward momentum this morning. Initially, the Dow rose after a slightly bigger rise in retail sales figures than economists had forecast, as well as an unexpected drop in weekly initial unemployment claims. Yet by 11 a.m. EDT, the index had fallen 32 points; none of the Dow's 30 stocks had moved more than 1%, indicating an unusual lack of volatility as investors wait for clarity on the many uncertainties in the market. Nike (NYSE: NKE  ) rose the most of the Dow's components, and Boeing (NYSE: BA  ) tried to gain back some of the ground it lost in recent days.

Nike gained 0.7% as the athletic-apparel maker likely benefited from the 0.3% climb in retail sales. Many sellers of retail goods have noted that the harsh winter weather contributed to poor sales performances recently, but the opportunity to capitalize on shoppers staying at home by enhancing e-commerce capabilities is one that Nike has jumped on. With the recent holiday season showing the value of having an online presence, Nike has launched international websites and expanded its main page offering. In addition, Nike's continuing dominance in getting high-profile endorsements, including the signing of heralded football quarterback Johnny Manziel prior to his inaugural NFL season, has kept Under Armour (NYSE: UA  ) and other competitors from unseating the athletic giant.

After a strong start Boeing was just over breakeven, regaining a very small part of the losses it suffered earlier in the week. News of even more potential 737 MAX orders from India, this time from Air India and Jet Airways, once again showed Boeing's appeal to airlines around the world. India is a huge potential market for Boeing, but it's also located much closer to the site of the disappearance of a Malaysia Airlines Boeing 777, and so the aircraft manufacturer has to be careful to handle the tragedy without spooking its potential customers. In the past, Boeing has done a good job preserving shareholder gains even through equally controversial issues. Still, at some point, the mass of news could become too difficult for bullish investors to endure.

Don't settle for drifting stocks
Good stocks can drift for a while, but stocks that can make you rich provide solid growth year in and year out. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

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.

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: 2874536, ~/Articles/ArticleHandler.aspx, 9/2/2015 10:53:14 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...

Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

Today's Market

updated 1 hour ago Sponsored by:
DOW 16,351.38 293.03 1.82%
S&P 500 1,948.86 35.01 1.83%
NASD 4,749.98 113.87 2.46%

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

9/2/2015 4:36 PM
^DJI $16351.38 Up +293.03 +1.82%
BA $130.63 Up +3.19 +2.50%
The Boeing Company CAPS Rating: ****
NKE $110.70 Up +2.07 +1.91%
Nike CAPS Rating: *****
UA $95.64 Up +2.48 +2.66%
Under Armour CAPS Rating: ****