3 Stocks Keeping the Dow Jones Afloat
The Dow Jones Industrial Average (NYSE:DIA) is flat at 11,620 today. These three stocks are leading the index.
Cisco Systems (NASDAQ:CSCO): Cisco’s stock is leading the Dow with a 1% gain after networking equipment competitor Ciena (NASDAQ:CIEN) reported third-quarter profit of 8 cents a share vs. the average analyst estimate of loss of 8 cents a share. Ciena’s earnings were seen as a positive for the entire sector. Get more details in your CIENA Corp. Earnings Cheat Sheet: Loss Narrows With Double-Digit Revenue Growth.
Chevron Corporation (NYSE:CVX): Chevron is up 0.55% after winning a dispute with Ecuador. The country will pay a penalty of $96 million to Chevron for oil-export dispute cases filed in the early 1990s.