It appears to be quite the collaborative effort today with every sector scoring sizable gains, but the big storylines are in financials and energy. As far as earnings are concerned, JPMorgan Chase
Crude oil prices continue to march higher as investors are now looking toward the People's Bank of China as the next central bank to slash interest rates to jump start its faltering economy. Oil rose earlier this week on reports that U.S. stockpiles shrunk last week. The potential increase in demand comes on top of the Iranian oil embargo, so look for oil to continue its recent ride while the United States is in its traditionally heavy-driving season.
Who's doing what?
Dow Jones Industrial Average
|WTI Oil Futures||1.06||1.23%|
Source: Yahoo! Finance.
The speculation of China lowering interest rates once again is having a strong positive impact on the Dow components today. After peaking slightly above $115 per share in February, Caterpillar
Outside of the Dow, Green Mountain Coffee Roasters
Barring any sudden drop, it appears the broad markets are going to end the current losing streak and finish the week out on a respectable note. Remember, now is as important as ever for investors to be focusing on the long term and finding companies they can rely on to return capital for the long haul. Check out the Motley Fool's special report: "3 Stocks That Will Help You Retire Rich." This free report will list three remarkable companies as well as offer great advice on how to invest to secure a comfortable retirement. Get your free report now.
Joel South owns shares of no company listed above. The Motley Fool owns shares of JPMorgan Chase and Green Mountain Coffee Roasters. Motley Fool newsletter services have recommended buying shares of Wells Fargo and Green Mountain Coffee Roasters. Motley Fool newsletter services have also recommended creating a lurking gator position in Green Mountain Coffee Roasters. The Motley Fool has a disclosure policy.
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