What Drove the Dow's Highest Close in 4 Years
I wrote a similar headline yesterday, but another day of gains for the Dow brings new highs. Only the Nasdaq fell a bit from its perch. Here's an update:
|Change||Ending Value||Highest Close Since...|
|Dow Jones Industrial Average (INDEX: ^DJI)||+46.02 [+0.36%]||12,950.10||May 2008|
|Nasdaq (INDEX: ^IXIC)||-8.07 [-0.27%]||2,951.78||Yesterday (which was the highest close since December 2000)|
|S&P 500 (INDEX: ^GSPC)||+3.19 [+0.23%]||1,361.23||May 2011|
There was little new news today ahead of the President's Day weekend. While U.S. markets are taking a day off Monday, the European finance ministers are expected to approve the 130-billion-euro Greek bailout. That's the expectation, at least. As we know, Europe is a long soap opera and this is just one cliffhanger episode.
Out of the 30 individual stocks that comprise the Dow, there were 19 winners and 11 losers (though three were only off by a penny). The biggest winner was Intel (NAS: INTC) , up 2.0% and the biggest loser was Alcoa (NYS: AA) , down 1.3%. These were on little news that I could see, unless you could this minor Alcoa pricing news.
Since we're precluded from obsessing over tiny stock price movements on Monday, it'll be a good day to think longer term, make sure your asset allocation is sound, and do some deeper analysis on your portfolio. Perhaps our free report, "3 Stocks That Will Help You Retire Rich" will be of use. Along with sharing three stock ideas, it'll help you game-plan for retirement. Just click here to get access now.
At the time this article was published Anand Chokkaveludoesn't own shares of any company mentioned. The Motley Fool owns shares of Intel.Motley Fool newsletter serviceshave recommended buying shares of Intel. 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.
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