Why the Dow Regained Some of Yesterday's Losses
Jun 26th 2012 6:00PM
Updated Jun 26th 2012 6:04PM
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.
With all the uncertainty surrounding Europe and the global economy, many investors may be tempted to take their money and run far from the market. But that can be one of the biggest mistakes investors can make. Some of the most successful stock picks are great dividend stocks purchased at attractive valuations on dips in the market. With that in mind, we've taken an in-depth look at all 30 Dow components and picked out our three favorite Dow dividend stocks that investors can buy right now. You can find the names and analysis of these companies in our brand-new free report, "The 3 Dow Stocks Dividend Investors Need." Read the report now -- it's absolutely free.
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 services have recommended buying shares of Chevron. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.