Why the Dow's Pushing Higher Today

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The stock market reacted favorably to yet another good employment report this morning. Not only did the Bureau of Labor Statistics report 227,000 new jobs in February, but it also revised upward numbers from the previous two months. Meanwhile, reports that Greece has finally gotten its much-needed haircut on its sovereign debt obligations helped boost stocks both in the U.S. and in Europe. At around 10:45 a.m. EST, the Dow Jones Industrials (INDEX: ^DJI  ) were up 56 points to 12,964. Overseas, London's FTSE 100 (INDEX: ^FTSE  ) rose about 0.6%.

Alcoa (NYSE: AA  ) was up about 2% in early trading today. The positive news in the U.S. and Europe certainly bolstered the stock, but the company's announcement yesterday that it has found three potential investors to buy its Italian aluminum smelting plant was also good news. With Alcoa having shut the plant and cut output at two smelters in Spain, divesting the asset would give the company valuable cash -- although it could also potentially cause a bigger production glut if the buyers bring the plant back online, as the Italian government and labor unions want to do.

JPMorgan Chase (NYSE: JPM  ) also rose sharply, with a gain of almost 2%. In addition to its benefiting from the favorable news, JPMorgan's stock also responded favorably to an initial buy recommendation from analyst firm Guggenheim. The analyst set a price target nearly 25% above the stock's closing price last night.

Finally, General Electric (NYSE: GE  ) gained about 0.3% despite projecting weaker growth in revenue coming from the Southeast Asian region in 2012. A GE executive said that 30% growth was not sustainable but that the company would continue to find substantial revenue growth from the region.

Look to the long run
Stocks rise and fall every day, but the best ones provide great returns over time. The Motley Fool's latest special report on retirement highlights three promising long-term stock picks for a more secure financial future. But don't wait; get your free report today while it's still available.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (9)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1807086, ~/Articles/ArticleHandler.aspx, 10/26/2016 3:53:07 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,211.18 41.91 0.23%
S&P 500 2,140.01 -3.15 -0.15%
NASD 5,251.77 -31.63 -0.60%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/26/2016 3:37 PM
^DJI $18210.80 Up +41.53 +0.23%
^FTSE $6958.09 Down -59.55 -0.85%
FTSE 100 CAPS Rating: No stars
AA $27.77 Up +0.48 +1.76%
Alcoa CAPS Rating: ***
GE $28.91 Up +0.26 +0.89%
General Electric CAPS Rating: ****
JPM $69.12 Up +0.32 +0.47%
JPMorgan Chase CAPS Rating: ****