Home Depot, Alcoa Bolster Dow (HD, AA, DJIA, CENX)
By Swing Trader
July 30, 2010 3:30 PM
July 30, 2010 3:30 PM
The Dow Jones Industrial Average (DJIA) pared nearly all its early morning losses to finish down 1 point at 10,466.
The Dow was down triple digits in early trading after a weak GDP reading made investors question the economic recovery. However, stronger than expected readings on consumer sentiment and manufacturing induced buyers back into the market.
Home Depot (NYSE: HD) and Alcoa (NYSE: AA) led the Dow by gaining 1.6% and 1.4%, respectively. Aluminum names were particularly strong after the metal gained over 3% on the trading day. Century Aluminum (NASDAQ: CENX) surged by over 6%.
For the month of July the Dow gained more than 7%, its best gain since July of last year.
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