1 Reason the Dow Is Soaring To Multiyear Highs

Before you go, we thought you'd like these...
Before you go close icon

The Dow Jones Industrials (INDEX: ^DJI  ) surged to multiyear highs in trading today on a plethora of positive data.

Key points:

  • Better than expected jobless claims data
  • Respectable but skewed housing data
  • Hope that a Greek debt deal was nearing its Monday approval

Some of the biggest winners today were in the tech space, no surprise considering the Nasdaq was the best performing index today. Microsoft and Hewlett Packard were among the top big name tech winners. Microsoft rose 4.11% today, likely related to their CFO's comments at Goldman Sachs regarding the tech company's dividend.

Watch the video below to see what other factors were driving the market today, and what investors need to look for tomorrow:

The best approach
Watching the broad market each day is exciting, but investing doesn't have to be gut-wrenching and stressful. If you're in the mood to pick up a great company to buy for the long term, The Motley Fool has created a brand-new free report: "
The Motley Fool's Top Stock for 2012." It features a company hand-selected by the Fool's chief investment officer that has a strong future ahead of it. Get access to the report and find out the name of this legendary company. The report is free, but it won't be forever, so check it out today.

At the time this article was published Austin Smith owns no shares of the companies mentioned above.The Motley Fool owns shares of Google, Microsoft, and Bank of America.Motley Fool newsletter serviceshave recommended buying shares of Google and Microsoft.Motley Fool newsletter serviceshave recommended creating a bull call spread position in Microsoft. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy. 

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners