Top 5 Stocks Pushing the Dow Back Above 15K
Even though a fair amount of uncertainty still surrounds Capitol Hill and the political drama involving the nation’s fiscal situation, just the hint of some clarity was enough to catapult stocks higher.
With House Republican leaders offering President Obama a six-week extension on the upcoming debt ceiling, all three major indexes rallied more than 2 percent. The Dow Jones Industrial Average (NYSEARCA:DIA) surged more than 320 points, and all 30 blue chips in the average closed in the green. Meanwhile, all 10 major sectors in the S&P 500 (NYSEARCA:SPY) climbed higher. In fact, it was the second best day of the year for stocks.
In return for the temporary increase, Republicans want the president to negotiate on a longer-term fiscal plan. Speaker of the House John Boehner (R-Ohio) told reporters, “It is our hope that the president will look at this as an opportunity and a good-faith effort on our part to move halfway, halfway to what he’s demanded in order to have these conversations begin.”
Here’s a look at the top five best performing blue chips on Thursday.