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
Many investors rightly look to the Dow for companies with strong dividends and highly sustainable competitive advantages built for the long haul. We've taken an in-depth look at all 30 Dow components and picked out our three favorite dividend Dow stocks that investors can buy right now. You can find the names and analyses of these companies in our brand new free report, The 3 Dow Stocks Dividend Investors Need. Read the report now; it's absolutely free.