What You Need to Know About the Dow's Monday Rally

All three market indices rose slightly on Monday.



Ending Value

Dow Jones Industrial Average (INDEX: ^DJI  ) +32.77 [+0.27%] 12,359.92
Nasdaq (IXIC) +2.34 [+0.09%] 2,676.56
S&P 500 (INDEX: ^GSPC  ) +2.89 [+0.23%] 1,280.70

Alcoa (NYSE: AA  ) , traditionally the first Dow stock to report during earnings season, announced a small fourth-quarter loss. But what caught my eye was its announcement that it expects global demand for aluminum to increase 7% this year.

That continues the string of economic data suggesting that manufacturing demand may be remaining resilient despite the crisis in Europe. Last week saw reasonably strong December jobs figures -- 200,000 net jobs gained -- as well as upbeat sales reports from each of the "Big 3" automakers.

Alcoa's projection is good news for Caterpillar (NYSE: CAT  ) and General Electric (NYSE: GE  ) , each of which rose more than 1% to put them among today's top Dow gainers. Conglomerates, manufacturing, energy, and transportation had the biggest gains today.

It's great to see the markets performing better over days or even a week, but it's important for us to remember to select winning stocks with a long-term perspective. If you're interested in one stock that our chief investment officer picked to crush the market in 2012, we have compiled a special free report for investors to uncover this stock today. Get it today for free

Ilan Moscovitz doesn't own shares of any company mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On January 10, 2012, at 7:19 AM, Marlok wrote:

    200,000 temporary Christmas season jobs?

    Thats about one job in each city.

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Today's Market

updated 20 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars
AA $26.88 Up +0.19 +0.71%
Alcoa CAPS Rating: ***
CAT $86.33 Down -0.30 -0.35%
Caterpillar CAPS Rating: ***
GE $28.98 Down -0.09 -0.31%
General Electric CAPS Rating: ****