Never content to sit idle for long, the Dow Jones Industrials Average
|Dow Jones Industrial Average||+200||+1.6%||13,122|
The big news
If today's enthusiasm were to be distilled into two words, they'd be "Spanish relief." After the yield on the indebted nation's bonds climbed above 6% yesterday, many investors feared the worst. But a strong showing from its 12-month and 18-month debt sales pushed the 10-year bond back below 6% today. Before declaring victory, investors would do well to watch the longer-term debt auction later in the week. A good or bad showing from the auction could easily result in another 1%-plus movement for the index.
Profits by a million pennies
The second most influential market mover today is the collectively strong performance by many major U.S. companies. Alcoa kicked off earnings with a blowout performance a week ago, and the markets have hung on to the momentum. We've seen reasonably strong numbers from the banking space. Citigroup
Today it's Coca-Cola
Outside the Dow, Apple
The best approach
Today's big earnings announcements from Coca-Cola, Intel, Johnson & Johnson, and IBM show how a little positive news can move the market in a big way. That's why it pays to be ahead of the trend. Our analysts will give you a leg up on what to watch for this earnings season in their new report: "5 Stocks Investors Need to Watch This Earnings Season." You can learn more by clicking here. Enjoy, and Fool on!
Austin Smith owns shares of Coca-Cola and Intel. The Motley Fool owns shares of International Business Machines, Johnson & Johnson, Citigroup, Bank of America, Coca-Cola, and Intel. The Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Intel, Johnson & Johnson, Coca-Cola, and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple and a diagonal call position in Johnson & Johnson. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.