2 Reasons the Dow Jumped Today
Today was an exciting day for the market. The Dow Jones Industrial Average (INDEX: ^DJI) popped 2.9% to more than 12,000 today. The S&P and Nasdaq were up even more -- 3% and 3.2%, respectively.
Two big reasons
If the market's move today had to be boiled down to two major factors, they would be:
- A surprising uptick in the sale of Spanish bonds.
- A huge jump in the housing market, compliments of higher housing starts, more permits, and improved homebuilder sentiment.
The combined force of this great news was enough to shake off the news regarding the failed AT&T (NYS: T) and T-Mobile merger. Watch the video for a look at some more specific performers today.
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At the time this article was published Austin Smith owns no shares of the companies mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.