Why These 4 Dry Bulk Shippers Soared Today
Finally, markets had a good day today, with all three major indices up over 1% and the tech-heavy Nasdaq advancing 2.46%. In particular, four dry-bulk shippers were up big on the day.
|Navios Maritime Partners (NYS: NMM)||8.97%|
|Diana Shipping (NYS: DSX)||8.33%|
|DryShips (NAS: DRYS)||5.14%|
|Navios Maritime Holdings (NYS: NM)||5.00%|
The main reason for these dry bulk shippers' advance was positive news out of China, in which Premier Wen Jiabao suggested that the government will focus more on a more pro-growth agenda. Check out the following video for more on these dry bulkers' big day today.
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At the time this article was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.