Investors ended the week on an extremely positive note, as some major market indexes closed at multiyear highs. The Dow Jones Industrials
Bonds, on the other hand, finished broadly lower in price, pushing yields higher. The 10-year Treasury yield
In general, the Dow acted as a microcosm for the entire stock market. Economically sensitive stocks rose, while many defensive stocks didn't do nearly as well.
For instance, Alcoa
Meanwhile, a renewed bull market seems to have investors moving out of safer stocks. Procter & Gamble was the big decliner for the Dow today, but looking beyond P&G, you'll also find Johnson & Johnson and Wal-Mart posting minimal gains. These stocks may provide some protection in down markets, but the tradeoff is that they often miss out on big bull moves like the ones we've seen today.
If this is the beginning of an even bigger bull move for stocks, are you ready? To get some smart investment ideas, read the Motley Fool's latest special report to discover three stocks with potential for huge gains over the long haul. The report is absolutely free, but it won't be around forever, so click here and read it today.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of Wal-Mart, JPMorgan Chase, and Johnson & Johnson. Motley Fool newsletter services have recommended buying shares of Wal-Mart, Johnson & Johnson, and Procter & Gamble, as well as creating diagonal call positions in Wal-Mart and Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.
More from The Motley Fool
Does a Strong Start Make 2018 a Sure Winner for Stocks?
Find out whether the so-called "January effect" is real.
Meet the 2018 Dogs of the Dow
Learn the basics of this simple dividend-investing strategy.
The Dow's Worst Day in 2017
Even with big gains, there were some scary times for the average.