Why the Dow Is Rebounding Today
In today's midday market update, industrials editor and analyst Brendan Byrnes talks about the Dow's slight rebound today. Data showed that retail sales in the U.S. increased more than expected in July, rising 0.8% versus expectations of 0.3%. The economy looks to be trying to gain some momentum after some recent positive jobs and housing data. Home Depot also provided good news for investors, reporting earnings that beat expectations and raising its earnings outlook for the fiscal year. That's also good news for the housing recovery, as the home improvement retailer sells so many necessary materials for the industry. Check out the video below for more on what's driving the Dow today.
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The article Why the Dow Is Rebounding Today originally appeared on Fool.com.Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.