After a disappointing day on Monday despite the pro-bailout party victory in the Greek elections, the Dow Jones Industrial Average
The rally occurred despite continuing uncertainty in Europe, as yields on Spanish short-term bonds surged while the country continues to struggle to find buyers for its debt. Yields on Spanish benchmark 10-year bonds remained at unsustainably high levels, near 7%. But today was all about investor optimism in some kind of action from the Fed, which was the main factor in driving markets up.
Here's how all three major U.S. indices fared on the day:
|Dow Jones Industrial Average||95.51 [0.75%]||12,837.33|
|S&P 500||13.20 [0.98%]||1,357.98|
By far today's biggest winner on the day was Bank of America
On the other side of the coin, Hewlett-Packard
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Brendan Byrnes owns shares of Apple. The Motley Fool owns shares of Microsoft, Apple, Bank of America, and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Microsoft and Apple. Motley Fool newsletter services have recommended creating bull call spread positions in Microsoft and 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.