Microsoft Corporation (MSFT), AT&T Inc. (T), Exxon Mobil Corporation (XOM): Dow Rising Despite Bad Economic Data

The more likely cause for the move, however, may be that the lower-than-expected durable-goods orders are making investors grow worried about the big oil companies. Many products we use, both durable and nondurable, are made using petroleum, and many of the larger durable items use large amounts of the resource. While the negative report does not have any serious long-term implications for the companies’ futures, it is nonetheless somewhat discouraging.

The article Dow Rising Despite Bad Economic Data originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Microsoft. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter @mthalman5513. The Motley Fool recommends Chevron. The Motley Fool owns shares of Microsoft. 

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