Here’s Why These 3 Stocks are Top Gainers on the Dow: BAC, HPQ, JPM, DIA
The Dow Jones Industrial Average (NYSE:DIA) is up 1.35% to stand at 11,159. Here are three significant market gainers:
Bank of America (NYSE:BAC): Bank of America opened up higher this morning, thereby reversing yesterday’s stark decline. The stock has declined significantly since the beginning of the year, as its performance is increasingly tied to issues in Europe. The stock is up 2.60%.
Hewlett Packard (NYSE:HPQ): The company just hired Goldman Sachs to advise new CEO Meg Whitman on how to prevent activist investors from changing the board or finding a buyer for the company. Hewlett Packard is also set to buy Autonomy after that company and Oracle failed to come to terms, which has become a vitriolic and public drama. Howlett Packard is up 3.15%.
J.P. Morgan (NYSE:JPM): J.P. Morgan also reversed its downward slide at the opening of trading, as investors bet on the margin that the European debt crisis can be resolved in a more orderly way. J.P. Morgan and other financial stocks will continue to rise and fall because of events in Europe for some time. J.P. Morgan is up 3.45%.