After dropping more than 50 points in early trading today, the Dow Jones Industrial Average
The debt crisis in Europe continues to weigh down markets, as new fears of a European recession helped drive down the Dow after the opening bell. Germany's economy, the largest in Europe, probably contracted about 0.25% in the last three months of 2011. Spain, the country with Europe's highest unemployment rate, saw its industrial output drop 7% year over year in November. Finally, the European Union revised its figure for third-quarter eurozone growth to 0.1%, down from the previous 0.2% estimate.
Winners and losers
But despite European worries and today's flat markets, there were some companies that managed to show some solid gains. Bank of America ended the day up 3.62% and has now gained more than 23% in 2012 alone. Outside the Dow, building-products manufacturer USG
Walt Disney was the biggest loser of the Dow, down 3.2%, while SUPERVALU
Bank of America is on track to beat the market handily in 2012. If you're interested in a different stock that our chief investment officer picked to crush the market for all of 2012, check out our brand-new report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company absolutely free.
Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of SUPERVALU and Bank of America. Motley Fool newsletter services have recommended buying shares of Walt Disney and buying calls in SUPERVALU. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.