Why the Dow Popped Today
Shares of Apple (NAS: AAPL) took a big fall today, down by nearly 5%, which does drag down both the S&P 500 and the Nasadaq, but the Dow Jones Industrial Average (INDEX: ^DJI) was up by nearly 1%. In this video, Motley Fool analyst Austin Smith talks about why it was a somewhat unusual day on the markets. Rather than seeing one or two stocks that compose a large percentage of the Dow, such as IBM (NYS: IBM) , make big moves to drive the Dow, it was just an overall good day for a lot of companies in the index, in the absence of any real macro news that would drive the market.
Austin tells us who some of the movers were today, and he cautions that on a day like this, in the absence of an overarching market driver, whatever your investment thesis was waking up this morning for any given company should be the same one you go to bed with tonight.
There's no doubt that despite Apple's mysterious dip today, the company is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
The article Why the Dow Popped Today originally appeared on Fool.com.Austin Smith owns shares of Apple. The Motley Fool owns shares of Apple, Bank of America, and IBM. Motley Fool newsletter services recommend Apple and IBM. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.