Today, industrials editor and analyst Brendan Byrnes discusses the Dow’s huge 212 point gain. News from Europe was the main driver of the Dow’s surge, as investors approved of comments made by the European Central Bank President Mario Draghi that the central bank would do whatever it takes to preserve the eurozone. Positive domestic data helped, as well, with U.S. weekly jobless claims falling more than expected, and June durable goods orders coming in higher than expected.
Index | Change | Ending Value |
|---|---|---|
| Dow Jones Industrial Average | 211.88 [1.67%] | 12,887.93 |
| Nasdaq | 39.01 [1.37%] | 2,893.25 |
| S&P 500 | 33.12 [1.65%] | 1,360.02 |
As for individual stocks, Home Depot was the Dow’s biggest gainer, buoyed by positive signs from the housing sector. American Express was the second best Dow stock today, erasing most of last week’s losses when the company reported disappointing earnings. Check out the video below for more on what drove the Dow today, and which individual stocks were winners and losers.
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