Dow Chemical (DOW - option chain) shares rose Thursday after the company said it will sell its powder coatings business to Netherlands-based Akzo Nobel. Financial terms of the deal were not disclosed, but Dow said it will use the proceeds to reduce its debt. The move is part of Dow's plan to sell noncore assets in order to raise more than $3.5 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on DOW.

DOW opened Thursday morning at $28.20. In morning trading the stock has hit a low of $27.90 and a high of $28.88. As of 12:00, DOW was trading at $28.37 up 1.66 (6.2%). The chart for DOW looks neutral and S&P gives DOW a neutral 3 STARS (out of 5) hold ranking.

Now that the U.S. economy is growing -- GDP grew at a 3.5% annualized rate in Q3, according to U.S. Commerce Department data, one key question for investors large and small is: Is the U.S. economic expansion sustainable?

Investors can immerse themselves in data on consumer spending, retail sales, new home sales, auto sales, and factory output etc., and all of those provide clues, no question. But if you're time-pressed and you want one metric to gauge the U.S. economy's likely health 6-9 months from now, monitor: monthly non-farm payrolls, as tallied by the U.S. Labor Department. I.E., how many jobs the U.S. economy lost or created in the previous month.

Before the opening bell sounds on Thursday, October 29, Cincinnati-based Dow component Procter & Gamble (NYSE: PG) will report fiscal first-quarter earnings. Analysts believe P&G will report earnings of 99 cents per share with sales of $19.83 billion.

These expected results are lower than those of a year ago, when the company saw earnings of $1.03 per share and revenue of $22 billion. P&G set expectations low for this quarter, as it announced early in the quarter that sales are expected to fall again. Is this truly the case or is it a smart business move?

TheStreet.com's Jim Cramer says that as long as we're trapped in a commoditized stock market, use the futures to go bargain-hunting.

What if individual stocks want to go up, but the market wants to go down? Don't laugh. In 1982, when The Kansas City Board of Trade started trading Value Line futures (before there were S&P futures), we used to kick around in securities classes what would happen if eventually stocks became so commoditized that individual companies couldn't be removed from the gravitational pull.

For example, we know today looks like a terrible day, with Europe down horribly and our futures real soggy. But then we look and see that J. Crew (NYSE: JCG) (Cramer's Take), one of the best retailers, is not just saying that the fall season is good; it is saying it is blowout beyond imagination. The big Dow stock 3M (NYSE: MMM) (Cramer's Take) is not just saying that things are getting better; it is showing that business is very strong. The monster insurer and fellow Dow stock Travelers (NYSE: TRV) (Cramer's Take) is boosting the dividend and showing you how a responsible financial can behave.

Spurred on by strong earnings from JP Morgan Chase & Company and Intel, the Dow punched through the 10,000 mark today.

The Dow 10,000 is a psychological level. Very often traders pay attention to round numbers like 10,000. Breaking through often kicks off buy stops and that is an added push to the move. Traders also see strong earnings by two giant companies as a positive for the market and often follow along with the momentum.

Recapping, the market was last at 10,000 back in October when it broke that mark on the downside. The index is down 29.4% from its 2007 peak of 14,164.53.

Do you believe that the market will continue to move higher?

Alcoa (NYSE: AA) surprised the market this afternoon by posting its first quarterly profit of the year.

The company credited recent cost cutting measures as the main reason for its profit of $77 million during the quarter (75.8% lower than the same period last year), or 4 cents per share excluding certain items. This was a nice surprise to Wall Street, which had expected to see the company show a loss for the quarter of 9 cents per share.

A new stock ticker tool for the Apple (NASDAQ: AAPL) iPhone may not have you hoping for a plunge, but at least it takes the sting out a little bit. This new application pairs strippers with tickers, and as the numbers tick down, items of clothing find their way to the floor. There's a different girl for each of the major indices, providing a bit of spice to international financial markets. So, whether you follow the DAX or the Dow, you won't be the only person losing his shirt when the market tanks.

Doubtless, some have no interest in watching svelte stripping women illustrate their loss of fortune. For this crowd, male strippers are available. Whether you lean toward boys or girls, whatever your sex and orientation, sometimes a helpful hottie is exactly what you need to soothe your spirit.

The recession is over according to Ben Bernanke. Inflation is staying tame. And the Fed just said we all saw our wealth grow in Q2. Yet today the markets gave back. Based upon many key tech shares hitting 52-week highs and then selling off, this was just a day of traders finally locking in some handy trading profits. The DJIA stayed up for much of the day, but the rest of the key indexes came well off of highs and many went negative. This call for DJIA 10,000 still seems much more likely even if the market showed that not every index has to rise every day.

Here are today's unofficial closing bell levels:

Dow 9,784.22 -7.49 (-0.08%)
S&P 500 1,065.49 -3.27 (-0.31%)
Nasdaq 2,126.75 -6.40 (-0.30%)

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Are U.S. stock markets flashing another false signal regarding the U.S. economic recovery?

Recent U.S. factory and housing data indicates signs of firming in each hard-hit sector, but my DailyFinance colleague Peter Cohan noted that a recent report on year-over-year U.S. rail traffic by The Association of American Railroads indicates otherwise: it suggests companies are cutting back inventories rather than building them -- definitely not a bullish sign for economic activity.

Look at what the computer did for communication. We are now is the midst of a revolution in technology.

Now innovation moves to the auto industry. Electric and hybrid cars have the potential to take us off the "oil standard," at least in a major way. Imagine the money you would save if you were not held hostage to the oil cartel.

President Obama has granted $2.4 billion for research in the development of electric/hybrid cars. There will be 48 different projects in more than 20 states as part of the American Recovery Act.

TheStreet.com's Jim Cramer says in the wake of an upgrade, FCX has to do a big equity offering.

What will Richard Adkerson do? I can tell you what the CEO of Freeport-McMoRan (NYSE: FCX) (Cramer's Take) ought to do in the wake of the Bank of America-Merrill Lynch upgrade to buy from sell. He ought to do the biggest darned equity offering in history.

I like Richard. He's candid, he's a great copper man, but he spent too much at the high on Phelps Dodge and wasn't prepared when copper prices plummeted as his balance sheet's simply not so hot. So he had to cut his dividend at the bottom, literally at the exact bottom.

Here are some highlights from last week's earnings coverage from BloggingStocks:

• Amgen Inc. (NASDAQ: AMGN) reported strong Q2 earnings thought revenue fell but beat analysts' estimates.
• Colgate-Palmolive Co. (NYSE: CL) beat Q2 earnings estimates but revenue suffered from currency effects.
• Dow Chemical Co. (NYSE: DOW) reported a drop in Q2 revenue and a net loss on restructuring charges.
• Eastman Kodak Co. (NYSE: EK) posted a deeper-than-expected Q2 net loss as sales plunged.
• Exxon Mobil Corp. (NYSE: XOM) reported its lowest quarterly profit in years, well short of expectations.

Pulling off mega deals is always tough. But in the case of Dow Chemical's (NYSE: DOW) acquisition of Rohm & Haas Co., the process was a rollercoaster. Struck before the financial system went into cardiac arrest last year, the transaction resulted in a lawsuit. The main reason was the implosion of Dow's joint venture with a Kuwaiti state-owned company.

Yet, Dow was able to resolve things, albeit with a complex arrangement. The new strategy involved preferred shares, new short-term financings and sales of various divisions, such as the unloading of the Morton Salt unit.

Analyst upgrades:

• Baird upgraded WinTrust (NASDAQ: WTFC) to Neutral from Underperform and raised its target to $20 from $13 citing the accretive purchase of AIG (NYSE: AIG) loans and reduced risk of a capital raise.
• Piper Jaffray upgraded Coach (NYSE: COH) to Overweight from Neutral on expectations product sell-throughs and margin trends will improve in the coming quarters. The firm has a $32 target on the stock.
• RBC Capital upgraded Campbell Soup (NYSE: CPB) to Sector Perform from Underperform and raised its target to $33 from $29. The firm cites Campbell's recent innovation, easy volume comps, and "reasonable" consensus estimates for its upgrade.
• Tata Motors (NYSE: TTM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
• Rockwell Automation (NYSE: ROK) was upgraded to Buy from Neutral at BofA/Merrill.
• Fifth Third Bancorp (NASDAQ: FITB) was upgraded to Conviction Buy from Buy at Goldman.

What's new? Well, trading on the NYSE is sluggish. In fact it's the slowest in two decades. Now, some of this is normal. Brokers often take vacations in July and August. Those who can do so rush out to the Hamptons or Long Island.

But this year is notably slow. Investors are busy digesting second quarter earnings and trying to figure out what to do next. The Dow did reach the 9,000 mark this week, though. We've seen a 44% rally off the March 9 lows, according to data compiled by Bloomberg, the steepest since the 1930s.