Yesterday the Dow Jones Industrial Average
So far today the Dow is up 0.8% -- a third of yesterday's pop -- after the world's second-largest economy, China, actually took action to increase its growth by lowering interest rates by 0.25%. Also today, Ben Bernanke addressed Congress, giving the same boilerplate remarks as Draghi and stating that the Federal Reserve is ready to take action if needed. However, unlike yesterday's spike, the broad markets retreated slightly after the Fed chairman's remarks.
Dow component Caterpillar
Basic materials is the leading sector today -- no surprise there, given the news of the day. Alcoa
In the Internet information industry, Facebook is down as it takes a backseat to Yelp
The good news is that the Dow Jones Industrials are once again performing well, making it three straight days in the green. Although this has not happened in more than a month, we must be aware that Europe is still in a perilous state. In order to stabilize the market for a long bull run, the central banks will need to take a page out of China's book and make a move. The problems are complex, and the treatment is supplied in small doses, so expect some turbulence on the way.
With increased instability expected in the market, now is a great time to check out the Motley Fool's special report describing three stocks that will help you retire rich. This free report will list three remarkable companies and offer great advice on how to invest to secure a comfortable retirement. Get your free report now.
Joel South owns shares of no company listed above. The Motley Fool owns shares of Facebook and Westport Innovations. Motley Fool newsletter services have recommended buying shares of Westport Innovations. 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.
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.