Finally! Why the Dow Is Bouncing Back Today
The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.
In today's edition, Brendan talks about how, after six straight days of declines, the Dow is finally on the rise again. Optimism from Greece as the country tries to find a way to stay in the eurozone helped boost stocks, as well as a positive jobs report, which showed that fewer Americans applied for jobless benefits last week. Cisco is the big story of the day, dropping over 9% after its weak forecast disappointed investors. In the red for most of the day, fellow tech blue chip Microsoft is now flat on the day, while Intel has rebounded and is now solidly in positive territory. Check out the video below for more insight on the Dow's up-and-down day.
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At the time this article was published Austin Smith owns shares of Intel. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Intel and Microsoft.Motley Fool newsletter services recommendChevron, Intel, and 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.
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