In a nutshell, you can sum up today's market action like this: China tried to throw a party, but Ben Bernanke ended up spoiling the mood. With China cutting interest rates overnight, investors hoped that the Federal Reserve might signal that it would follow suit with further easing of monetary policy of its own. But instead, the Fed not only failed to give hints that it would ease but also suggested stricter capital requirements for banks, and so after having gained almost 140 points early in the session, the Dow Jones Industrial Average
Despite the Dow's overall gains, several stocks within the Dow didn't do well. The big loser on the day was Bank of America
Don't be down
Uncertainty always holds back some stocks, even when the market's having a good rally. A big source of uncertainty for investors this year is the coming presidential election, but we've identified some stocks we think are poised to benefit once November ends. Discover the names of these companies in our brand-new special report, "Stocks That Could Skyrocket After the 2012 Presidential Election." Downloading a free copy is as easy as a click, so do it right now.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter, @DanCaplinger. The Motley Fool owns shares of Bank of America. 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 Fool has a disclosure policy.