1 Reason the Dow Is Soaring To Multiyear Highs
The Dow Jones Industrials (INDEX: ^DJI ) surged to multiyear highs in trading today on a plethora of positive data.
Key points:
Better than expected jobless claims data
Respectable but skewed housing data
Hope that a Greek debt deal was nearing its Monday approval
Some of the biggest winners today were in the tech space, no surprise considering the Nasdaq was the best performing index today. Microsoft and Hewlett Packard were among the top big name tech winners. Microsoft rose 4.11% today, likely related to their CFO's comments at Goldman Sachs regarding the tech company's dividend.
Watch the video below to see what other factors were driving the market today, and what investors need to look for tomorrow:
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At the time thisarticle was published Austin Smith owns no shares of the companies mentioned above.The Motley Fool owns shares of Google, Microsoft, and Bank of America.Motley Fool newsletter serviceshave recommended buying shares of Google and Microsoft.Motley Fool newsletter serviceshave recommended creating a bull call spread position in 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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