The Dow Jones Industrials Average
Index |
Gain / Loss |
Gain / Loss % |
Ending Value |
---|---|---|---|
Dow Jones Industrial Average | +125.9 | +1% | 12,581 |
Nasdaq | +33.5 | +1.2% | 2,871 |
S&P 500 | +14.6 | +1.1% | 1,332 |
Today's highfliers
The Dow's performance would have been even better, except that the two highest-performing stocks today -- Bank of America
So what is it that had our earth mover all riled up today? Reports of extra stimulus from China. Caterpillar is a cyclical stock and tends to exaggerate the broad market's movements up or down, so extra spending in China, particularly on infrastructure, should benefit it in an outsized way. This also explains Alcoa's big surge as it, like Caterpillar, is a cyclical stock courting China in a big way.
And what's a day on the markets without talking about everyone's most hated IPO, Facebook