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



Dow Jumps on Microsoft's Apple News; Cisco, Boeing Fall

On Tuesday morning, the stock market continued to build on Monday's gains, with the Dow Jones Industrials (DJINDICES: ^DJI  ) rising nearly 80 points as of 11 a.m. EDT. Rising signs of a housing recovery came from a jump in building permits for new homes and multifamily residential projects, and inflation remains well in check. Microsoft (NASDAQ: MSFT  ) led the Dow's gainers with a rise of about 4%, while Cisco Systems (NASDAQ: CSCO  ) and Boeing (NYSE: BA  ) were among the few Dow stocks to fall in early trading.

Microsoft's jump came on reports that the tech giant expects to release a version of its popular Office software for Apple's (NASDAQ: AAPL  ) iPad. Given the amount of tension between Apple and Microsoft over the years, Microsoft's admission that it needs better access to Apple customers is somewhat ironic. Yet even though some question how useful Office products will be on a tablet, investors are broadly cheering the move as part of Microsoft's broader initiative to move toward cloud-based mobile technology over its more traditional desktop systems.

Meanwhile, Cisco's led the Dow's decliners with nearly a 0.7% drop. Even as many other tech companies got favorable looks from analysts today, Cisco suffered a downgrade from Barclays, which argued that a combination of tough conditions in the industry and some company-specific sales obstacles could continue to weigh on the long-struggling network giant. Thus far, Cisco hasn't been able to demonstrate its ability to compete effectively against its tech peers; the company is seeing erosion in its core networking business and failing to take maximum advantage of opportunities in cloud computing and other high-growth areas.

Finally, Boeing fell about half a percent. The aerospace giant announced yesterday that it had started its project to more than double the amount of space dedicated to 737 production in order to ramp up delivery rates. That should have given some reassurance to investors who worry that the company's huge backlog could decay if Boeing can't deliver planes quickly enough. Yet the fact that Boeing is having to make this key move shows the challenges it faces in making the most of its huge opportunity. Given the stock rise lately, anything short of full success could leave Boeing shareholders disappointed.

Like tech? Check out this stock
Opportunities to get wealthy from a single investment don't come around often, but they do exist, and our chief technology officer believes he's found one. In this free report, Jeremy Phillips shares the single company that he believes could transform not only your portfolio, but your entire life. To learn the identity of this stock for free and see why Jeremy is putting more than $100,000 of his own money into it, all you have to do is click here now.

Read/Post Comments (1) | 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.

  • Report this Comment On March 18, 2014, at 12:41 PM, CraigWPowell wrote:

    This North markets direction is in accordance with this forecast published 3 months ago:


Add your comment.

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: 2879883, ~/Articles/ArticleHandler.aspx, 8/31/2015 6:01:25 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 Moments ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

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

8/31/2015 4:57 PM
^DJI $16528.03 Down -114.98 -0.69%
BA $130.68 Down -2.56 -1.92%
The Boeing Company CAPS Rating: ****
CSCO $25.88 Down -0.12 -0.46%
Cisco Systems CAPS Rating: ****
MSFT $43.52 Down -0.41 -0.93%
Microsoft CAPS Rating: ***