The Biggest Winners on Today's Dow

The almighty dollar is running the Dow (INDEX: ^DJI  ) today. And I mean that in a good way.

Megabanks Bank of America (NYSE: BAC  ) and JPMorgan Chase (NYSE: JPM  ) are today's biggest winners among the 30 Dow blue chips. They're up 2.7% and 1.8%, respectively. Jobless claims are down, and it looks like Spain might not need a total bailout after all, which adds up to great news for the financial sector.

But thanks to their relatively low weight in the index, the banks combined to add just eight points to the Dow. The most effective points machine was IBM (NYSE: IBM  ) , whose 1.3% jump pulled in 21 fresh points. The computing giant's CEO, Ginny Rometty, was just handed the keys to the chairman's office as well. The transition from IBM's golden era under Sam Palmisano is going down smoother than an appletini, and investors love it when uncertainty and management risk evaporate.

There are no real losers on the Dow today. The worst performer? Wal-Mart (NYSE: WMT  ) , down just 0.1%, with no measurable effect on the Dow's total value. This rising tide lifts almost every boat.

Watching the broad market each day may be as exciting as a regatta race, but investing doesn't have to be that crazy. If you're in the mood to pick up some solid buys for the long term, The Motley Fool has created a brand-new free report from our expert analysts called "2 Dirt Cheap Stocks With Huge Dividends." It won't be available forever, so click here -- it's free.

Fool contributor Anders Bylund holds no position in any of the companies mentioned. Check out Anders' holdings and bio or follow him on Twitter and Google+. The Motley Fool owns shares of Bank of America, IBM, and JPMorgan Chase. Motley Fool newsletter services have recommended creating a synthetic long position in IBM. The Motley Fool has a disclosure policy.

We Fools may not all hold the same opinion, 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.

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Today's Market

updated 12 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
BAC $16.67 Up +0.11 +0.66%
Bank of America CAPS Rating: ****
IBM $149.63 Down -1.89 -1.25%
IBM CAPS Rating: ****
JPM $68.49 Up +0.23 +0.34%
JPMorgan Chase CAPS Rating: ****
WMT $68.34 Down -0.39 -0.57%
Wal-Mart Stores CAPS Rating: ***