It was unlikely the markets would top yesterday's big gains that saw all three major indexes up over 1.5% by the close of business; wowever, the lack of real retracement on a relatively light news day is a positive sign that the bulls are holding firm. Here's how the indexes finished the trading session:
|Gain / Loss||Gain / Loss %||Ending Value|
Dow Jones Industrial Average
Source: Yahoo! Finance.
The three indexes put in mixed but essentially flat performances. The Dow showed the most resilience thanks to the strong performance of several financial components. Yesterday's stress test results yielded big 6% and 7% pops for JPMorgan Chase
Meanwhile, the Nasdaq also held on to yesterday's gains, helped by Apple
A better approach
Watching the broad market each day can be exciting, but also gut-wrenching and stressful. If you're in the mood to pick up a great company to buy for the long term, though, The Motley Fool has created a brand-new free report: "The Motley Fool's Top Stock for 2012." It features a company hand-selected by the Fool's chief investment officer for the a strong future ahead of it. I invite you to take a copy, free for a limited time. Get access to the report and find out the name of this legendary company. The report is free, but won't be forever, so check it out today.
David Williamson holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of JPMorgan Chase, Bank of America, and Apple. Motley Fool newsletter services have recommended buying shares of Apple; creating a bull call spread position in Apple; and creating a write covered strangle position in American Express. 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 Motley Fool has a disclosure policy.