Stocks were sharply higher for the third straight day on Tuesday, with today’s gains the biggest of the three. [Read more...]
Stock prices enjoyed healthy gains Monday, with the S&P 500 advancing 0.9% and NASDAQ up 1.4%. The Dow rose just 19 points or 0.1%, hurt by a 7% decline in IBM, one of its higher priced stocks (and therefore one of the more important in the Dow’s price-weighted average). IBM lopped 83 points off the Dow today, meaning that ex IBM the DJIA would have been up over 100 points or 0.6%. 24 of the 30 Dow stocks advanced Monday; 5 stocks other than IBM declined, with Cisco (-1.4%) and Caterpillar (-1.1%) the only other declines of note.
Global stocks rebounded strongly on Friday, ending a volatile week little changed, although U.S. stocks were down for a fourth time in four weeks. Follow the link below to our discussion of and tables on the past week’s rocky performance.