Why The Dow Is Up Yet Again


It's been another good day so far for the Dow Jones Industrial Average, which is currently in positive territory for the second straight day. Sales of existing homes increased for the first time in three months, beating expectations. There was also some optimism coming from Europe before the EU meeting in Brussels tomorrow, which helped push stocks higher. Individually, JPMorgan Chase is the Dow's biggest gainer so far today, up over 5%. The stock continues to be extremely volatile following the company's disclosure of $2 billion in trading losses. Check out the video below for more Dow winners and losers on the day, as well as an update on Facebook and its rough day.

While it's important to pay close attention to the market, it's also important not to get too worked up about what happens in the short term. The most successful stock picks are usually great businesses that grow over time. Our analysts have uncovered one such company in our new report: "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company by clicking here -- it's absolutely free.

At the time thisarticle was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of Bank of America and JPMorgan Chase. The Motley Fool has adisclosure policy.
We Fools may not all hold the same opinions, but we all believe that
considering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.