Why the Dow Regained Some of Yesterday's Losses
After a terrible day yesterday in which the Dow Jones Industrial Average (INDEX: ^DJI) dropped 1.6%, the blue chip index managed to rebound slightly today, rising a quarter of a percentage point. Positive housing data was a big reason for the jump today, with the Case-Schiller index showing that property values in April dropped 1.9%, the smallest drop since November 2010. Here's how the three major indices fared today:
Change This Week
|Dow Jones Industrial Average||32.01 [0.26%]||12,534.67|
|S&P 500||6.27 [0.48%]||1,319.99|
The two big energy companies on the Dow had a solid day, with Chevron (NYS: CVX) and ExxonMobil (NYS: XOM) rising 1.9 and 1.4%, respectively. Oil made a slight comeback today, while Exxon investors got some good news about refinery problems at two locations.
Check out the following video for more on what moved the Dow and these stocks today, and the big news that will drive Facebook's (NAS: FB) stock tomorrow.
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The article Why the Dow Regained Some of Yesterday's Losses originally appeared on Fool.com.Brendan Byrnes owns no shares of any companies mentioned. The Motley Fool owns shares of Facebook.Motley Fool newsletter serviceshave recommended buying shares of Chevron. 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.