What Drove the Dow to a 4-Year High Today

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Today, Motley Fool editor and analyst Brendan Byrnes discusses the news that pushed the Dow to its highest level since December 2007. The main reason for the great day was an announcement from European Central Bank President Mario Draghi of the plan to bring down EU interest rates with a program that allows for potentially unlimited bond buying. Also helping push the Dow up 1.9% was stronger-than-expected U.S. jobs data. Predictably, the most volatile stocks on the Dow were the day's biggest gainers, with Bank of America rising over 5% and fellow megabank JPMorgan Chase up 4.3%. These stocks are perhaps the two most sensitive to the domestic and global economy.

Outside the Dow, Ford also had a great day, rising 3.6%. The company announced a plan to launch 15 new models in Europe over the next five years. The company will offer more SUVs on the continent, which are selling surprisingly well despite what is expected to be the fifth straight year of vehicle sales declines in the region. 

Ford has been performing incredibly well as a company over the past few years -- it's making good vehicles, is consistently profitable, recently reinstated its dividend, and has done a remarkable job paying down its debt. But even with the great day today, Ford's stock is losing to the S&P 500 by over 20 points year to date. Does this create an incredible buying opportunity, or are there hidden risks with the stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on whether Ford is a buy right now, and why. Simply click here to get instant access to this premium report.

The article What Drove the Dow to a 4-Year High Today originally appeared on Fool.com.

Brendan Byrnes owns shares of Ford. The Motley Fool owns shares of Bank of America, Ford, and JPMorgan Chase. Motley Fool newsletter services recommend Ford. 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 Motley Fool has a disclosure policy.

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