The Dow Jones Industrial Average
Source: Google Finance.
Today's Top 3
1. Today's leader was Alcoa
Source: Index Mundi.
Alcoa's stock has so far made a strong comeback in 2012, rising a stunning 20.35%. The positive performance got even better today, as a bailout package for Greece was finally agreed upon. Investors had been worried that if conditions in Greece and the rest of Europe continued to worsen, the U.S. would also experience a slowdown. With its cyclical results highly dependent on GDP growth, Alcoa would be significantly hurt, as 20% of its business is in Europe and more than 50% is in the United States. Fears of a slowdown were lessened today, as were fears over Alcoa's business.
The best approach
Watching the broad market each day is exciting, gut-wrenching, and stressful, but investing doesn't have to be. If you're in the mood to pick up a great company to buy for the long term, The Motley Fool has created a brand-new free report: "The Motley Fool's Top Stock for 2012." It features a company hand-selected by the Fool's chief investment officer that has a strong future ahead of it. Get access to the report and find out the name of this legendary company. The report is free, but it won't be here forever, so check it out today.