These 2 Winners Shot the Stock Market Through Dow 35,000
The stock market has seen a lot of volatility recently, and part of its choppiness stems from the fact that various sectors of the market are behaving quite differently than each other. That was never more evident than it was on Monday morning, as major market benchmarks moved nearly in opposite directions. As of 10:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 241 points, pushing through the 35,000 mark for the first time ever. However, the S&P 500 (SNPINDEX: ^GSPC) was up just a single point to 4,234, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had fallen 156 points to 13,597.
A couple of stocks stood out in the Dow's surge past 35,000. Both Caterpillar (NYSE: CAT) and Boeing (NYSE: BA) have been through tough times over the past year, but hopes for an economic rebound have investors more optimistic than ever about their prospects to bounce back and be strong performers not just in the near term, but well into the future. Below, we'll look more closely at how they contributed to the Dow's impressive gains on Monday morning.
Shares of Caterpillar climbed almost 2% on Monday morning. That sent the stock to its best levels in history, extending an amazing performance that boosted its total return over the past year to more than 125%.
Source Fool.com