The Dow Jones Industrial Average
Source: Google Finance.
Today's Top 3
1. Today's leader was Alcoa
Source: Index Mundi.
Alcoa's stock has so far made a strong comeback in 2012, rising a stunning 20.35%. The positive performance got even better today, as a bailout package for Greece was finally agreed upon. Investors had been worried that if conditions in Greece and the rest of Europe continued to worsen, the U.S. would also experience a slowdown. With its cyclical results highly dependent on GDP growth, Alcoa would be significantly hurt, as 20% of its business is in Europe and more than 50% is in the United States. Fears of a slowdown were lessened today, as were fears over Alcoa's business.
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Dan Dzombak holds no position in any company mentioned. Like his Facebook page to follow his investing articles. Motley Fool newsletter services have recommended buying shares of Chevron. 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.