Queue the balloons, the Dow did it! The four-day losing streak is over. Was today a legitimate end to the QE3 rally hangover, or just a simple reversion to the mean? Likely a little bit of column A and a little bit of column B. However, the Spanish budget is coming into focus in a way that features spending cuts over tax increases. Harsh austerity will continue to depress the Spanish economy but, hopefully, no new taxes equals no new riots. Here, at home, we saw a rosier initial claims report than anticipated, and jobs growth was revised upwards. Signs of growth for our struggling economy are always welcome.
Of course, broad market movements in a time frame of less than a week shouldn’t alter your investment thesis for individual equities. Let’s check in on the headlines and focus in on some big movers.
The Dow Jones Industrial Average
On the Dow, no one could top General Electric’s
Next up, Intel
Speaking of a tech company in danger of getting left behind, Blackberry maker Research in Motion
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David Williamson owns shares of General Electric, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Microsoft and Intel. Motley Fool newsletter services have recommended buying shares of Intel and Microsoft. Motley Fool newsletter services have recommended creating a synthetic covered call position in Microsoft. The Motley Fool has a disclosure policy. We Fools may not 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.