These 3 Dow Stocks Are Winning Todayhttp://www.fool.com/investing/general/2013/03/28/these-3-dow-stocks-are-winning-today-2.aspx Dan Dzombak
March 28, 2013
The Dow Jones Industrial Average (INDEX: ^DJI) is up after 2012 fourth-quarter GDP was revised upward. As of 1:20 p.m. EDT the Dow is up 33 points, or 0.23%, to 14,559. The S&P 500 (INDEX: ^GSPC) is up 0.21% to 1,566.
There were two U.S. economic releases today.
Weekly new unemployment claims rose 16,000 to 357,000. New unemployment claims can be rather volatile and had recently been hitting multiyear lows. This jump brings the four-week moving average up just 2,250 to 343,000. This is still below last year's average of 360,000 to 370,000.
The more interesting number today was the government's final revision of Q4 2012 real GDP to 0.4% growth. GDP was initially reported to be down 0.1% in Q4. That number was then revised to 0.1% growth in Q4, and it now has been updated to 0.4% growth. The increase was led by a 13.2% increase in business investment, particularly in nonresidential structures, equipment, and software. This is good news, as it shows the economy was stronger than previously thought going into 2013, when growth would be dampened by new taxes and the sequester.
Today's Dow leader