Dow Starts the Week Off Right

It's always nice to kick off a week with gains across the board. Last week's jobs numbers have stocks at a three-month high. To top it off, investors are feeling confident that that European Central Bank, following strong comments from President Draghi, will lower borrowing costs for indebted nations Spain and Italy.

Let's take a closer look at how the three major indexes are faring and check out several stocks making headlines.



Gain/Loss %

Intraday Value

Dow Jones Industrial Average (INDEX: ^DJI  ) 6648 0.51% 13,162.65
Nasdaq 19.75 0.67% 2,987.65
S&P 500 6.54 0.47% 1,397.53

Source: Yahoo! Finance as of 10:15 a.m. EDT.

All thirty of the Dow's components are seeing green, with the biggest gainer being Kraft (Nasdaq: KFT  ) , up 2.1% despite Warren Buffett's Berkshire Hathaway (NYSE: BRK-B  ) continuing to trim its stake in the company. However, investors may still be excited over last week's news that hedge fund Third Point has accrued a massive $8.7 billion stake in the company.

Today's biggest gainer so far is Best Buy (NYSE: BBY  ) , thanks to news of a potential buyer. The struggling retail franchise has an $8.8 billion offer… from its founder. CEO Richard Schulze could be going down with the ship, but taking the company private might speed along a critical transformation from an outdated business model to something more than a showroom for online retailers. Best Buy is up 15%, still well beneath the takeout price, while shares of electronics retailer RadioShack (NYSE: RSH  ) are up 3%, buoyed by the news.

Speculative stocks hold the allure of substantial short-term gains, and today's buyout rumors will attract many investors. But there are arguably better and more stable approaches to building long-term wealth and retiring well. In our free report, "3 Stocks That Will Help You Retire Rich," we reveal some stocks that could help you as well as some winning wealth-building strategies. Click here to keep reading.

David Williamson owns shares of Berkshire Hathaway, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of RadioShack, Best Buy, and Berkshire Hathaway. Motley Fool newsletter services have recommended buying shares of Berkshire Hathaway. The Motley Fool has a disclosure policy.
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Today's Market

updated Moments ago Sponsored by:
DOW 18,229.33 83.62 0.46%
S&P 500 2,150.59 9.43 0.44%
NASD 5,304.99 47.59 0.91%

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Related Tickers

10/24/2016 2:10 PM
^DJI $18229.02 Up +83.31 +0.46%
BBY $39.42 Down -0.04 -0.10%
Best Buy CAPS Rating: *
BRK-B $144.01 Up +0.41 +0.29%
Berkshire Hathaway… CAPS Rating: *****
KRFT.DL $0.00 Down +0.00 +0.00%
Kraft Foods CAPS Rating: *****
RSHCQ $0.00 Down +0.00 +0.00%
RadioShack CAPS Rating: *