It turned out to be a very solid day for the markets, with the Dow rising .6%, and the S&P500 gaining .72%. Better-than-expected jobless claims numbers helped push blue chips up, as well as a report on factory orders that also beat expectations. Across the pond, ECB president Mario Draghi said today that the bank was prepared to step in and buy government bonds once the countries fulfill the conditions, helping reassure nervous investors.
It was a relatively quiet day for individual stocks on the Dow, with HP managing to rally to finish in positive territory, after spending most of the day in the red. The company reported a very disappointing fiscal 2013 forecast yesterday, causing shares to drop 13% yesterday. Check out the video below for more on the Dow’s day, and to find out which individual stocks made headlines today.
While today’s news pushed the Dow higher, it will almost certainly wind up being forgotten in the long run. What’s most important for investors is to use day-to-day volatility as their friend to find undervalued companies that can be purchased for cheap, and held onto for the long term. We’ve identified three such companies in our latest free report, The 3 Dow Stocks Dividend Investors Need. It's absolutely free, so just click here and get your copy today.