3 Old-Economy Stocks Leading the Market Higher Monday
The stock market finished February with a pullback, but all signs of pessimism were completely gone from Wall Street as March began. Huge gains for all three major market benchmarks came after a series of bullish news stories, including favorable comments about the stock market from Warren Buffett, progress toward another coronavirus stimulus measure in Washington, and ongoing signs of a return to more-normal economic and living conditions in the U.S. and around the world.
As of 12:30 p.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 642 points to 31,574. The S&P 500 (SNPINDEX: ^GSPC) climbed 88 points to 3,899, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 333 points to 13,525.
Tech stocks have gotten a lot of attention lately, but among today's biggest winners were three old-economy stocks. It's uncertain just how far their rallies might take them, but they stand as a testament that many investors are still paying attention to companies that aren't necessarily on the cutting edge of innovation.
Source Fool.com
