Dow Jones Steady as Intel Restarts Share Buybacks, Walmart Stock Cools Off
The Dow Jones Industrial Average (DJINDICES: ^DJI) was little changed by late Thursday morning following a disappointing unemployment report from the Labor Department. Initial claims for state unemployment benefits came in at a seasonally adjusted 1.106 million for the week ended Aug. 15, up from a revised 971,000 in the previous week. The Dow was down about 0.08% at 11 a.m. EDT today.
Intel (NASDAQ: INTC) was the Dow's best performer, rising after the chip giant announced that it was resuming share buybacks. Meanwhile, the stock of Walmart (NYSE: WMT) continued to sink following the retailer's second-quarter report earlier this week.
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Source Fool.com
