As the Euro seems to stabilize and European and Asian markets react favorably and economic reports from both Japan and China show growth in the two countries, the Dow Jones Industrial Average took a swing for the better today. Closing at 10,172.60, an increase of 273.35 points, the Dow enjoyed its highest close all week.
Goldman Sachs Group, Inc. (NYSE: GS) emerged a big loser today as its stock fell 3.09 points to close at $133.71 a share. Investors seem eager to unload shares of the financial giant amidst suspicions of fraud, a criminal investigation by the SEC, a government commission’s records subpoena and an onslaught of lawsuits by shareholders.
The energy sector enjoyed a mystifyingly good day as shares of Anadarko Petroleum Corporation (NYSE: APC) and BP Common Stock (NYSE: BP) each surged and gained more than 12% each over yesterday’s close. BP still has a long way to go in recovering the losses its stock has endured since the oil leak began, but today’s increase is certainly a start.
The Nasdaq was up an impressive 59.86 points today to close at 2,218.71 and the S&P 500 closed at 1,086.84, up 31.15 points.
