These 3 Dow Stocks Surged Today
The Dow Jones Industrial Average (INDEX: ^DJI) finished up today 0.37%, the third up day in a row.
|Dow Jones Industrial Average||+46.24 [+0.47%]||12,625.19|
|S&P 500||+6.46 [+0.49%]||1,314.50|
Today's Top 3
- Today's leader was Bank of America (NYS: BAC) which finished up 2.35% [$0.16] to end the day at $6.96. The company reported positive earnings this morning, after which its stock rose as high as $7.29 early in the session before it gave away its gains as the day progressed. While the earnings weren't stupendous, they were enough to make Bank of America profitable over the past year.
- Alcoa (NYS: AA) was second behind Bank of America today, finishing up 1.60% [$0.16] to end the day at $10.18. During the past two days, shares have rallied on the news of slowing Chinese GDP growth. While counterintuitive, this is positive as many believe this will lead to an easing of Chinese monetary policy and thus faster growth in the future.
- Caterpillar (NYS: CAT) took third for the day, up 1.43% [$1.49] to end the day at $105.75. Like Alcoa, the shares have rallied the past two days on news of a possible easing of Chinese monetary policy.
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At the time this article was published Fool contributorDan Dzombakowns shares of Bank of America, but he holds no other position in any company mentioned. Fun Fact: If you take the first letter of each of these 3 top stocks (company name or ticker) you get BAC, which is Bank of America's ticker. Click hereto see Dan's holdings and a short bio. The Motley Fool owns shares of Bank of America. 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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