Why the Dow Is Jumping Today
The following video is part of our "Motley Fool Conversations" series, in which editor/analyst Austin Smith discusses topics across the investing world.
The Dow Jones Industrial Average jumped about 1% higher out of the gate today, yet still trails the S&P and Nasdaq, both of which were up over 1% as early as 11 a.m. EDT. Unsurprisingly, the big news today relates yet again to Greece, but what is surprising is that it's positive news, as G8 leaders have voiced their support for the ailing country. That coupled with indications that Chinese leaders will step in to boost the economy with additional stimulus is making international bulls cheer. Off the Dow, Westport Innovations and Facebook are some of the bigger movers today.
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At the time this article was published Austin Smithhas no positions in the stocks mentioned above. The Motley Fool owns shares of Westport Innovations.Motley Fool newsletter services recommendWestport Innovations. 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.