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:
Index |
Change |
Ending Value |
---|---|---|
Dow Jones Industrial Average | 95.51 [0.75%] | 12,837.33 |
Nasdaq |
34.43 [1.19%] | 2,929.76 |
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
Many investors 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 analysis of these companies in our brand new free report, "The 3 Dow Stocks Dividend Investors Need." Read the report now -- it's absolutely free.