Typically, you’d expect that when the stock market gets good news, it would reward investors by going up. Unfortunately, kneejerk reactions to good news don’t always last very long. That’s what happened today, when positive news on the employment front led to a rally early in the day. Between upward revisions of past-month figures, and encouraging signs of workers reentering the labor force, the optimism was understandable. Yet, later in the day, the broad market gave up all those gains, to finish somewhat lower, and the Dow Jones Industrials
One thing that’s making investors nervous about the future is the onset of the fourth-quarter earnings season, with Dow components Alcoa
The upcoming election is also a big source of uncertainty for the market. As big drops of nearly 2% for UnitedHealth Group
Good news may not always lift the markets on any given day, but over the long haul, stocks tend to track the economy pretty closely. That’s especially true of financial stocks like Bank of America, because they have the most opportunities to profit when their customers are prospering, as well. Find out about the banking behemoth's best chances for future success in the Fool’s premium report on Bank of America. It can be yours with a free year’s worth of updates, but only if you click here and get started today.
Fool contributor Dan Caplinger owns warrants on JPMorgan Chase. 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 and creating a diagonal call position in UnitedHealth Group. 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.