It was a much-needed great day for The Dow Jones Industrial Average (INDEX: ^DJI ) , which rose over 2%. The Nasdaq gained 3%, pushed up by an agreement among European leaders that paves the way for banks to borrow directly from the European rescue fund. The positive news and low expectations combined to push oil up over 9%, and these individual Dow stocks up over 4%.
|Company||Percent Change Today|
|Bank of America (NYSE: BAC )||5.68|
|Cisco (Nasdaq: CSCO )||4.19|
|United Technologies (NYSE: UTX )||4.04|
Bank of America is one of the most volatile stocks on the Dow, and also one of the most sensitive to Europe and the macro economy. That was the main reason that the company was, again, the Dow’s biggest winner, and has now risen by over 47% year-to-date. The positive news out of Europe also helped push up Cisco, while investors in United Technologies got some relief, because the company settled a government lawsuit related to export control violations of just $75 million, a relative drop in the bucket for the huge corporation. Check out the video below for more on the great day in the markets, and what drove these big Dow winners.
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