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Dow Jones Industrial Average Comes Out Swinging at Midday, Coca-Cola Dips


Pfizer riding high following its settlement with Impex.

MINYANVILLE ORIGINAL The Dow Jones Industrial Average (^DJI) has added 31.39 points to reach .24%, or 13,134.38 points, as of 2:32 p.m. EDT. This upward motion comes on the heels of July's rise in home sales to 2.4%. This is a welcome figure after June's numbers showed them to be down 1.4%. The US GDP has also been revised from 1.5% to 1.7%, a significant boost in infrastructure and consumer spending.

But this isn't a huge leap - the numbers following Friday's Jackson Hole symposium will be more telling.

Pfizer's (PFE) shares are up .84% to $24.06, following their patent settlement with Impex several days ago. The two pharmaceuticals were at loggerheads over a bladder control drug.

Coca-Cola (KO) shares have fallen 1.05% to $37.61. Though this isn't disastrous for the soda stronghold, the company's erratic value reflects a country's changing attitude about sweet drinks.

Finally, Verizon (VZ) has added 1.38%, trading at $43.22. This is a critical hike upward after a few uncertain days and underscores the wireless company's victory over competitors.

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