The Stocks Everybody's Talking About Today

The market surged today,as the Fed announced more stimulus. The Dow (INDEX: ^DJI  ) was up 1.6%, the S&P 500 (INDEX: ^GSPC  ) was also up 1.6%, and the Nasdaq (INDEX: ^IXIC  ) was up 1.3%. On most days, the individual stock stories are more interesting than the macro events, but today, a rising Fed tide lifted most of the boats. With that as context, let's look at the stocks that everybody was talking about.

Every one of the Dow's 30 components wasup today, and the banks led the charge. Bank of America was up  4.8%,to close at $9.40, and JPMorgan was up 3.7%,to close at $41.40. As the motor oil lubricating commerce, the banks are obvious beneficiaries of any efforts to boost the economy. And the nation's central bank attempting to do so, by buying mortgage-backed securities (which banks tend to own a lot of),is doubly so.  

Another sector rallying mightily today was mining. In the S&P 500, Alpha Natural Resources (NYSE: ANR  ) , Cliffs Natural Resources (NYSE: CLF  ) , Newmont Mining, and Titanium Metals were up 12.1%, 6.3%, 5.5%, and 4.8%, respectively. The only mining Dow member, Alcoa, gained 3%,as well. We see this a lot. When the market moves on economic news, banking and natural resources stocks tend to move even more. If banks lubricate the economy, mining companies literally provide the raw material for its growth.

If you're looking for solid investing ideas beyond the daily news, check out our free report "The 3 Dow Stocks Dividend Investors Need." It features three of the most unassailable businesses in America. Find out their names now.

Anand Chokkaveluowns shares of Bank of America and JPMorgan Chase, LEAPs in Bank of America, and warrants in JPMorgan. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Titanium Metals. 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.


Read/Post Comments (0) | Recommend This Article (7)

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.

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: 2016499, ~/Articles/ArticleHandler.aspx, 12/22/2014 5:12:57 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...


Advertisement