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These Stocks Are Leading the Dow's Surge

Dan Dzombak
October 1, 2012

At the halfway point of the trading day, the Dow Jones Industrial Average (INDEX: ^DJI  ) is up 121 points (0.91%) to 13,558. The S&P 500 (INDEX: ^GSPC  ) is up eight points (0.58%) to 1,446.

There were two economic releases this morning which were mixed for stocks. Let's take a look:





Institute for Supply Management Purchasing Managers' index




Construction spending




Source: MarketWatch U.S. Economic Calendar.

The September ISM PMI rose from the three-year low it hit last month to 51.5, above analyst expectations of 49.7. Investors have been seeing a slowdown in manufacturing around the world, and this was positive and unexpected news.

The U.S. Department of Commerce reported this morning that construction spending fell 0.6% in August, worse than July's 0.4% drop and below analyst expectations of 0.7% growth. Private and public construction both fell. There was some good news, however: Private-home construction rose 0.9% in August, continuing the housing market's uptrend of the past few months.

Last week the pending home sales index from the National Association of Realtors was reported. The index came in at 99.2, down from last month's 101.7. That's still up 11% versus a year ago.

The markets as a whole are up, and a few stocks are pushing the Dow higher.

Today's Dow Leaders
Today's Dow leader is Bank of America (NYSE: BAC