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



The Dow Inches Closer to a Record As American Express, Boeing Power Ahead

On Tuesday, the Dow Jones Industrials (DJINDICES: ^DJI  ) finished up 69 points, leaving the benchmark just about 40 points shy of a new all-time record close. Other measures, including the S&P 500, managed to climb to unprecedented heights today, with favorable news from the housing market and from durable-goods sales helping to lift sentiment among investors. Among the best performers in the Dow Jones Industrials today were American Express (NYSE: AXP  ) and Boeing (NYSE: BA  ) , which together accounted for just less than half of the Dow's overall gains.

American Express gained almost 3%, rising in light of analyst comments about the company's prospects to prosper as consumers return to their spending ways. Winter was a tough time for the broader retail industry, and given the extent to which credit card networks like American Express rely on spending activity, any recovery this spring should be good news. Moreover, unlike its larger rival card networks, American Express has held onto the credit-risk of actually extending credit lines to its customers, and with a superior underwriting process to many of its card-issuing peers, American Express has tapped the full potential of the higher-end luxury clientele seeking the status of its distinguished card offerings. As long as high-end retailers keep outpacing their mainstream counterparts, American Express will be in a good position to keep strong.

Source: Boeing.

Meanwhile, Boeing's 1.3% jump came after the aerospace giant made yet another acquisition announcement this morning. Boeing will buy AerData, which makes software that should help it manage maintenance records for customers who lease aircraft rather than buying it outright. The move is the second step toward developing greater software expertise for Boeing, after it announced the purchase of ETS Aviation late last week. With ETS Aviation supplying software to help aircraft operators save fuel, Boeing clearly recognizes the importance of including value-added services along with its airplanes in order to give it a competitive edge against other aircraft manufacturers.

The Dow Jones Industrials didn't manage to set a record Tuesday. But with many stocks in the Dow sharing the same positive trends that helped boost shares of Boeing and American Express today, there's a strong possibility that the Dow Jones Industrial Average will add itself to the list of benchmarks setting all-time high levels in the near future.

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend-paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

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: 2973360, ~/Articles/ArticleHandler.aspx, 9/1/2015 6:27:35 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 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASD 4,636.11 -140.40 -2.94%

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

9/1/2015 4:35 PM
^DJI $16058.35 Down -469.68 -2.84%
AXP $74.00 Down -2.72 -3.55%
American Express CAPS Rating: ****
BA $127.44 Down -3.24 -2.48%
The Boeing Company CAPS Rating: ****