Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Stimulus Contagion Boosts Markets

Fear has had a death grip over the market for some time now, but today it's briefly loosening up as investors are encouraged progress can be made during the Fed's two-day meeting concerning monetary policy. An announcement will be made tomorrow afternoon by Fed Chairman Ben Bernanke regarding the possibility of further stimulus measures. Positive news is also coming from Spain: 10-year notes retreated below 7% as the country met its target during today's debt auction. The increased positive sentiment boosted July oil futures, with West Texas Intermediate crude pushing $84 per barrel.

Market recap



Gain/Loss %

Dow Jones Industrials (INDEX: ^DJI  ) 110.08 0.86%
S&P 500 13.41 1.00%
Nasdaq 33.14 1.14%

Source: Yahoo! Finance.

After announcing its new hardware addition, Microsoft (Nasdaq: MSFT  ) is being rewarded by Wall Street after the typically software-focused company released information about its Surface tablet. Pricing information has not been released yet, so it will be interesting to see if this new tablet can wrestle away market share from the world's largest company, Apple (Nasdaq: AAPL  ) . Apple's iPads dominate the tablet space. Despite the uncertainty, Microsoft is up 3.5% so far today.

Bank of America (NYSE: BAC  ) is surging today, leading all Dow components, as rumors are circulating of a possible sale of its non-U.S. Merrill Lynch wealth management division for $2 billion to Swiss bank Julius Baer. Bank of America is up over 5% due to the sale rumors and increased expectations of stimulus release.

Walgreen (NYSE: WAG  ) will become the biggest prescription drug purchaser in the world after buying 45% of retailer Alliance Boots for $6.7 billion in a cash and stock deal. The news sent Walgreen's share price tumbling by 5.6%. The combination will expand Walgreen's brand into 12 countries, with more than 11,000 stores.

On days like today, investing seems tranquil, as every industry is performing nicely. The fear index is down 3.66%, and good news could be coming out of the Fed tomorrow afternoon, if not sooner. However, now is as important as ever to find outstanding companies that can outperform in the long run as well as supply healthy dividends in the volatile near future. For this reason The Motley Fool has released a new free report detailing three Dow stocks dividend investors need. This report is free, but it will only be offered for a limited time, so get your copy now.

Joel South owns shares of no company listed above. The Motley Fool owns shares of Microsoft, Bank of America, and Apple. Motley Fool newsletter services have recommended buying shares of Microsoft and Apple. Motley Fool newsletter services have also recommended creating bull call spread positions in Microsoft and Apple. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (4)

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: 1917710, ~/Articles/ArticleHandler.aspx, 10/23/2016 2:32:46 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 1 day 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%

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

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****
BAC $16.67 Up +0.11 +0.66%
Bank of America CAPS Rating: ****
MSFT $59.66 Up +2.41 +4.21%
Microsoft CAPS Rating: ****
WBA $81.57 Up +0.55 +0.68%
Walgreens Boots Al… CAPS Rating: ****