These 2 Stocks Just Sent the Dow Jones Soaring
Wall Street was divided on Thursday, with much of the market giving up ground on concerns about the sustainability of massive upward moves in popular megacap stocks. Yet even though other benchmarks were largely down on the day, the Dow Jones Industrial Average (DJINDICES: ^DJI) powered ahead and had picked up nearly 300 points as of 12:30 p.m. ET.
Two notable Dow stocks moved higher. Johnson Johnson (NYSE: JNJ) and IBM (NYSE: IBM) both released their latest financial results, and investors were quite pleased with what they saw from both companies. Even though they haven't gotten the same level of attention as some of their Dow peers, J and IBM have plenty of prospects to sustain their business models and find new avenues for growth. Here's what the two companies had to say.
Shares of Johnson Johnson were up 6.5% near midday on Thursday. The healthcare conglomerate reported second-quarter financial results that gave its shareholders just about everything they had wanted to see.
Source Fool.com
