It's always hard for markets to jump over new hurdles. On one hand, the stock market is nearing new multiyear highs on optimism that the economy may avoid some of the dour projections that have kept stocks in check for the past few months. Yet with most of the second-quarter earnings season over, investors will inevitably start worrying about third-quarter results, and many companies have either missed revenue estimates or guided future projections downward. That tug-of-war makes for some choppy days in the stock market, and today is one of them, with the Dow Jones Industrials
Financial stocks were also higher, with Bank of America
Inch by inch
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Meanwhile, Bank of America has recovered strongly, but does it deserve to be in the Dow? Get the answers you need from the Motley Fool's top banking analysts in our premium investment report on Bank of America today.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Home Depot and formerly recommended JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.