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



Dow, S&P Surge After European Union Consensus

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

It's time to exhale: The Europe crisis has ended! Not actually, but it almost looked that way this morning. Relieved investors flooded the markets, sending the Dow Jones Industrial Average (INDEX: ^DJI  ) and the S&P 500 (INDEX: ^GSPC  ) sharply higher. EU leaders debated until 4:30 a.m. in Brussels, when they paved the way for a bailout of Spanish and Italian banks after agreeing to relax requirements on Spanish banks.

The decision completely jolted the markets, pleasantly surprising investors and analysts who'd expected the summit to deadlock. But while the markets reacted to short-term news, the European crisis lingers and volatility will remain the modus operandi. That confirms the strategy here at the Fool of finding value investments and holding on to them for the long run. Surprise decisions may dictate the markets' short-term future, but great companies are likely to triumph on their own merit in the long run.

The rest of the economy took a cue from Europe, with every Dow component positive. Bank of America delivered up 3%-plus gains, making it one of the biggest winners. JPMorgan (NYSE: JPM  ) even managed a small gain despite its original $2 billion loss potentially transforming into two or three times that. From a long-term standpoint, though, the two banks are still easily two of the Dow's top stocks going forward.

From a numbers standpoint, no industry in the Dow beat tech. Hewlett-Packard (NYSE: HPQ  ) soared almost 3% due to its large European exposure, while shares of peers Cisco, Microsoft, and Intel also rose. Hewlett-Packard holds the Western Europe lead in market share at over 20%.

Boeing (NYSE: BA  ) actually jumped on some non-Europe-related news. Investors seem excited about the initiatives the company announced this morning, sending shares up 3%. Its 787 Dreamliner will fly for the first time at the Farnborough International Airshow, where Boeing also plans to present some of its new, cutting-edge technologies and services. Senior Vice President Tom Downey clearly shares investor enthusiasm, excited about "the opportunities the [air] show provides to meet with customers, partners and other stakeholders."

That's the current roundup. As the market twists and turns on a daily basis, it becomes more and more important to track all of your favorite companies. Make sure to add these companies to your free My Watchlist feature to get up-to-date analysis whenever news breaks. To get started, click on any company below:

Will Chavey owns no shares of the stocks mentioned above. The Motley Fool owns shares of Bank of America, Microsoft, JPMorgan Chase, and Cisco Systems. Motley Fool newsletter services have recommended buying shares of Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. 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 (12)

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: 1929040, ~/Articles/ArticleHandler.aspx, 10/20/2016 4:21:34 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 18,162.35 -40.27 -0.22%
S&P 500 2,141.34 -2.95 -0.14%
NASD 5,241.83 -4.58 -0.09%

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

10/20/2016 4:01 PM
BA $135.84 Down -0.34 -0.25%
Boeing CAPS Rating: ****
HPQ $14.10 Down -0.02 -0.14%
HP CAPS Rating: ***
JPM $68.26 Down -0.09 -0.13%
JPMorgan Chase CAPS Rating: ****
^DJI $18162.35 Down -40.27 -0.22%
^GSPC $2141.34 Down -2.95 -0.14%
S&P 500 INDEX CAPS Rating: No stars