Top 3 Reasons Today’s Markets Were Up
Markets closed mixed up Wall Street: DJI +0.47% SP500 +0.74% Nasdaq +0.73% Gold -1.96%
The markets were up because:
- Financial Dow heavyweight component JP Morgan’s (NYSE:JPM) shares were up over 1% today. Banks have long been a concern and worry on investors minds. JP Morgan’s latest quarterly report alleviated minds and displayed leadership among stocks today. Here’s Why JPMorgan Shares are Up After Earnings>>
- Are creeping signs of inflation actually good for the stock market? Investors seemed to brush off rising food and gas prices with another push into equities. The bandwagon game could be back as bonds just cannot perform as strong as stocks as an inflation hedge.
- Goldman Sachs (NYSE:GS) shares rose 2% today. Lots of buzz is swirling around Goldman’s CEO Lloyd Blankfein swinging for the Groupon IPO. More big name IPOs stroke more confidence to the stock market. Don’t Miss: Why is Goldman Sachs More Confident About the Recovery?
Here are today’s Top Moving Stocks:
- Novellus Systems (NASDAQ:NVLS), Cymer Inc (NASDAQ:CYMI), Molycorp, Inc (NYSE:MCP), Merck (NYSE:MRK), American International Group (NYSE:AIG), Sealy Corp. (NYSE:ZZ), FedEx (NYSE:FDX), M&T Bank Corp (NYSE:MTB), KLA-Tencor Corp. (NASDAQ:KLAC), Monsanto (NYSE:MON), Target (NYSE:TGT), Marathon Oil (NYSE:MRO), Dominion Resources (NYSE:D), Micron Technology (NASDAQ:MU), Cisco (NASDAQ:CSCO). Now See What’s Moving These Shares >>
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>