The Top 3 Dow Stocks Today

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

The Dow Jones Industrials Average (INDEX: ^DJI) got slammed in early trading, fought back hard, and limped over the finish line with a 0.21% loss for the day. The Dow actually fared just a hair better than the other leading indexes, though; here's a look at how everyone ended the day.

Index

Gain/Loss

Gain/Loss %

Ending Value

Dow Jones Industrial Average(26.41)(0.21%)12,393
Nasdaq(10.02)(0.35%)2,827
S&P 500(2.99)(0.23%)1,310

Source: Fool.com.

The big news
It shouldn't come as any surprise that the biggest overhanging threat that continues to ail the market is the eurozone. Fears of Spain going the way of Greece, and Greece inching closer toward a "grexit" are the topics du jour, but Portugal and Italy are always on the back burner for more depressing content if you're left wanting for more.


All of these problems have sent oil prices consistently lower, and they now trade at $86.55 per barrel. Energy has been a correspondingly weak sector of late.

But all hope is not lost!
Just because Mr. Market had a down day doesn't mean there weren't at least a few winners. Here are the three top-performing Dow stocks of the day.

  • Bank of America (NYS: BAC) led the charge higher with a 2.1% gain for the day. This is interesting considering the company usually trades lower on eurozone fears, but encouraging comments yesterday from its CEO, Brian Moynihan, must have done enough to ease fears. The way he sees it, European sovereign debt poses an indirect threat to the U.S., but he also noted that consumer spending is strengthening, aided by lower gas prices, and reiterated that Bank of America has "vanilla" hedging positions. This last part is of course a reaction to JPMorgan's (NYS: JPM) unexpected $2 billion trading loss that sent shivers through the finance sector.
  • Disney (NYS: DIS) was the second biggest winner, up 1.1% on the news that Alan Horn will be replacing Rich Ross as studio chief. The way I see it, this is basically a reaction to the $200 John Carter loss that occurred under Ross' watch. Horn is top-caliber industry talent, though; Disney swiped him from Warner Brothers, where he oversaw blockbusters like The Dark Knight and Harry Potter, both of which occupy top-grossing charts.
  • Travelers (NYS: TRV) was the third biggest winner today with a 1% gain at the close. Frankly there isn't a whole lot of news moving the stock today except that the company will be offering wind credits for fortified homes in Texas. The company already offers similar programs in other states, but this should ultimately help reduce its payout risk.

What to make of it
Watching the market swing up and down like this can be exciting, but it's no way to invest. We suggest you tune out the commotion of the day-to-day market and opt for great individual stocks, like The Motley Fool's Top Stock for 2012. It's our chief investment officer's top pick for the year, and it may be yours, too. Read more about it here.

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

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