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These 3 Dow Stocks Are Winning Today

Dan Dzombak
April 1, 2013

The Dow Jones Industrial Average (INDEX: ^DJI) is down following the release of worse-than-expected manufacturing data. As of 1:15 p.m. EDT the Dow is down 12 points, or 0.08%, to 14,567. The S&P 500 (INDEX: ^GSPC) is down 0.42% to 1,563.

There were three U.S. economic releases today.





Markit PMI








Construction spending




Source: MarketWatch U.S. Economic Calendar.

The one to pay attention to is the Institute for Supply Management's purchasing managers' index. Both it and the Markit purchasing managers' index showed weaker-than-expected manufacturing activity in March. Markit's PMI was down from the early reading of 54.9 but still above February's 54.3. The ISM index, however, fell to 51.3, down from February's 54.2. Analysts had expected the index to remain steady. A level above 50 indicates growth, but the decline shows that growth had slowed down. The cause was primarily new orders and production, which both fell more than 5 percentage points in March. A decrease in manufacturing activity signals lower-than-expected growth in the economy moving forward. There was one positive in the ISM PMI: Survey respondents reported that employment increased faster in March than in February.

Today's Dow leaders
Today's Dow leader isĀ AT&T (NYSE: T), up 1.4%. Today it was announced that AT&T will be the exclusive provider of the 64 GB HTC One; all other providers will only be allowed to sell the 32 GB version of the device. The bigger news, though, came on Friday when AT&T announced a 300 million-share buyback authorization with no expiration date. The buyback is for just more than 5% of the company's shares. The company also declared a quarterly dividend of $0.45 per share th