Microsoft and 2 Stocks Leading the DJIA Higher

The Dow Jones Industrial Average (NYSEARCA:DIA) is up 0.99% at 12,907. Wall Street seems not to care about Moody’s downgrades and warnings.

Bank of America (NYSE:BAC): The threat of a downgrade from Moody’s has done nothing to deter Bank of America’s prospects today. Positive information about unemployment and housing starts gave hopes the U.S. economy is in a stable recovery. BAC shares recently traded at $8.04, up $0.26, or 3.34%. They have traded in a 52-week range of $4.92 to $14.91. Volume today was 229,557,701 shares versus a 3-month average volume of 283,004,000 shares. The company’s trailing P/E is 803.60, while trailing earnings are $0.01 per share.

American Express (NYSE:AXP) reversed yesterday’s losses in today’s trading. Although credit cards are mixed, American Express is up with good news about the economy. Amex’s delinquency rate is lower than other companies because its customer base is more affluent. AXP shares recently traded at $52.46, up $0.94, or 1.82%. They have traded in a 52-week range of $41.30 to $53.80. Volume today was 3,273,735 shares versus a 3-month average volume of 6,296,160 shares. The company’s trailing P/E is 12.74, while trailing earnings are $4.12 per share.

Microsoft (NASDAQ:MSFT) leads the Dow today. The introduction of html5 for smartphones could ease Microsoft’s entry into the market. MSFT shares recently traded at $31.51, up $1.46, or 4.86%. They have traded in a 52-week range of $23.65 to $30.80. Volume today was 55,340,663 shares versus a 3-month average volume of 54,823,400 shares. The company’s trailing P/E is 11.36, while trailing earnings are $2.76 per share.

To contact the reporter on this story: Scott Gillette at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com