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The Dow Now: Home Depot Hits 52-Week High


Boeing was also up on the day.

MINYANVILLE ORIGINAL Today's all-important jobs number was not exceptional, but it was nonetheless good enough to provide US stocks with a slight boost.

The US economy added 114,000 jobs in September, with the unemployment rate also falling below 7.8%, thus making it the first time the rate has been below the psychologically important 8% mark since January 2009. Economists had predicted a gain of 113,000 jobs.

On the heels of that, the Dow Jones Industrial Average (INDEXDJX:.DJI) was up 0.40% to 13,629.35 points as of 11:59 a.m. EDT.

Leading Dow gainer was Home Depot (NYSE:HD), which hit a new 52-week high of $63.03. As of 12.00 p.m. EDT, it was at $63.01, which is still above the previous 52-week high of $62.42. The stock was named by Minyanville contributor ChartLabPro as one of the top buys in the services sector.

Boeing (NYSE:BA) also increased 1.56% to $71.03 after reporting that that it delivered 149 commercial airplanes in the third quarter, up 13% from a year ago. For the first nine months of the year, Boeing also outsold chief rival Airbus, selling 962 planes to Airbus's 437.

New Dow member UnitedHealth Group (NYSE:UNH) was the biggest decliner of the day thus far, down 1.83% to $56.91. Shares of the insurance giant are up close to 11% year-to-date.

Troubled Hewlett-Packard (NYSE:HPQ) continued its slide, shedding 0.33% to $14.89. Joining firms such as Raymond James, Jefferies, and Stifel Nicolaus, Stern Agee analyst Shawn Wu today downgraded the PC maker to Neutral from Buy, citing doubts about CEO Meg Whitman's turnaround plan for HP.

Twitter: @sterlingwong
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