Was the negative U.S. unemployment data actually good news for markets today? It appears that way, as The Dow Jones Industrial Average
Europe was another big reason for the Dow's rally today, as news leaked that central banks were willing to take action to stabilize the eurozone in the event that the Greek elections upend markets next week.
While the Dow managed a solid gain, there were individual stocks that fared even better on the day.
Bank of America
Travelers, the oft-forgotten Dow stock, was the index's biggest gainer today. The company led a broad surge in the financial sector on the day, with Bank of America joining it as the Dow's third highest riser. Financial stocks are some of the most sensitive to the global economy, so anytime we see enthusiasm from worldwide markets, it's certainly good news for the sector. Bank of America continues to be the Dow's top performer on the year, up nearly 38%, while Travelers is beating the Dow by about 3 percentage points, up 7% in 2012.
Home Depot had a good day as well, as investors pushed the stock up on optimism that today's disappointing economic data could lead to further stimulus, which could certainly benefit the home-improvement retailer.
Outside the Dow, Facebook
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Brendan Byrnes owns shares of Apple. The Motley Fool owns shares of Bank of America, Apple, and Facebook. Motley Fool newsletter services have recommended buying shares of Apple and Home Depot and creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools don't 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.