Sometimes no news is good news. After getting punched in the gut by poor economic data from both here and abroad, along with a eurozone seemingly coming apart at the seams, the markets are experiencing a quiet day that's sending them into positive territory.
This small gain goes in contrast to Goldman Sachs'
That said, let's take a closer look at how the three major indexes are faring.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
53.63 | 0.43% | 12,627.20 |
Nasdaq | 18.69 | 0.65% | 2,877.78 |
S&P 500 | 5.74 | 0.43% | 1,331.25 |
Source: Yahoo! Finance as of 1:35 p.m.
The major U.S. indexes are all gaining ground, with the Nasdaq leading the charge. Despite spiking up in yesterday's chaos, the market's "fear index" has fallen back into its pattern of declines. The VIX
Despite Moody's downgrades to various "too big to fail" institutions, the financial sector is largely up. Dow component JPMorgan Chase
One notable Nasdaq decliner is Arena Pharmaceuticals
And for more risk-averse investors who enjoy solid dividend payments over boom-and-bust events, I have good news. The Dow is loaded with companies with solid dividend payouts and highly sustainable business models built for the long haul. The stocks highlighted in The Motley Fool's new special FREE report, "The 3 Dow Stocks Dividend Investors Need," all have an X factor that makes them stand out from their illustrious Dow peers. Download it now, for free.