Dow Jones stocks Procter & Gamble, Coca-Cola near highs

The stock market is experiencing volatility, with major indices down this year. However, the Dow Jones is outperforming others, driven by strong performances from dividend-paying companies like Procter & Gamble and Coca-Cola, which are near all-time highs. Procter & Gamble is about 1.2% off its peak, benefiting from a recent weakening of the U.S. dollar and a shift towards safer stocks. The company has raised its dividend for 68 consecutive years, but its high price-to-earnings ratio may make it less attractive for new investors. Coca-Cola has diversified its beverage portfolio to reduce reliance on soda, leading to increased sales. The company announced a 5.2% dividend increase, marking its 63rd consecutive annual boost. Both stocks are seen as stable investments despite their high valuations.