Markets have lost early momentum and are headed toward breakeven for the day. Mixed economic data is once again leaving traders without a clear direction and has stocks stuck in neutral. The Dow Jones Industrial Average (DJINDICES:^DJI) is flat as of 3:20 p.m. EDT, and the S&P 500 (SNPINDEX:^GSPC) is up just 0.1%.
The one big winner on the Dow is Procter & Gamble (NYSE:PG), which reported earnings that might underwhelm the casual observer but were still ahead of analysts' estimates. Excluding one-time items, the company earned $1.06 per share in the quarter, which was well ahead of the $0.96 expectation. But revenue fell 5% to $20.7 billion, and that's hardly a good sign for P&G or the global economy. Still, investors have pushed P&G's shares 2.7% higher today.
Airplane maker Boeing (NYSE:BA) is in the doldrums this week despite reporting a solid quarter. The stock is down 2.4% after supplier Spirit AeroSystems (NYSE:SPR) reported huge third-quarter charges due in part to products it makes for Boeing. I wouldn't read into this move too much, as Boeing raised its full-year forecast just yesterday.
Elsewhere in trading, gold is up 0.73% today, while oil has climbed 0.44%. Oil has been crushed recently over concerns over growth in the global economy.
Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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