3 Stocks Leading the Dow's Charge Today
Jun 26th 2012 8:08PM
Updated Jun 26th 2012 8:12PM
Though falling short of offsetting Monday's decline, stocks managed a slight gain on a day marked by mixed domestic news and some confusing reporting on overseas commentary. Markets started out the day on a high note, only to fall into negative territory on confusing media reports involving Angela Merkel. The German chancellor has been a vocal critic of the Eurobond solution to Europe's debt crisis, but reports that she "will not have shared liability for debt as long as she lives" came as a shock to investors. However, news quickly surfaced that it was not a direct quote, which calmed markets enough to head higher. The Dow Jones Industrial Average (INDEX: ^DJI) finished the day up 32 points, or 0.26%.
Domestic news was mixed on the day, with encouraging data on home prices conflicting with a discouraging report on consumer confidence from The Conference Board. Specifically, the Case-Shiller home prices index showed annual declines of only 1.9% in April, versus expectations for a 2.3% dip. The report supports the view that prices have found a level of support, with the 0.7% sequential improvement in prices bringing the streak to three months in a row.
Turning to individual stocks, let's look at the three stocks leading the Dow higher today.
Gain / Loss
% Gain / Loss
|Chevron (NYS: CVX)||1.86||1.88%||$100.94|
|General Electric (NYS: GE)||0.28||1.43%||$19.80|
|ExxonMobil (NYS: XOM)||1.16||1.43%||$82.40|
The energy sector was a notable leader in today's trading, with the S&P 500's (INDEX: ^GSPC) energy sector rising 1.1% versus a 0.5% gain for the broader index. Turning to the Dow, gains in energy titans Chevron and ExxonMobil accounted for around half the total point gain for the index. Meanwhile, gains in General Electric shares added to the stock's outperformance, with its year-to-date gain of 10.6% outpacing the blue-chip index by nearly 8%.
If you're looking to find some outperformers for your portfolio, our analysts think they've found some perfect candidates. In our newest free report, titled "The 3 Dow Stocks Dividend Investors Need," you'll learn about three blue chips sporting some of the most highly sustainable business models on Earth. Claim your copy of this report -- absolutely free of charge.
The article 3 Stocks Leading the Dow's Charge Today originally appeared on Fool.com.Brenton Flynn doesn't own shares of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Chevron. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.