The Dow Jones Industrial Average reversed fortune and finished in positive territory on Wednesday afternoon.
A turnaround in oil prices and strength in healthcare stocks helped propel the markets higher today. Shares of Home Depot Inc. (NYSE: HD) and UnitedHealth Group Inc. (NYSE: UNH) offered the most upside for the Dow. Meanwhile, shares of Apple Inc. (Nasdaq: AAPL) ticked up 0.5% and helped propel the Nasdaq. The biggest boost to the tech-fueled index came from Celgene Corp. (Nasdaq: CELG), which added 4% today.
In a day dominated by oil price swings, you might have missed some major profit opportunities. Let’s break them down and get to your stock pick of the day.
First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:
Dow Jones: 17,918.62; 78.00;Â +0.44%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
S&P 500: 2,099.73; 11.18;Â +0.54%Â
Nasdaq: 4,859.16; 36.26;Â +0.75%
Now, here’s the top stock market news today… and your best ways to profit.
DJIA Today: Fed to Wait for Greater Clarity on Impact of the Brexit
Today, the Dow added 78 points after the U.S. Federal Reserve released minutes from its June FOMC meeting. The central bank hinted that it doesn’t plan on hiking interest rates until the fallout from the Brexit is better understood. The dollar continues to surge in the wake of the Brexit, gaining more than 2% since the vote. The Brexit – in many ways – did Fed Chair Janet Yellen’s job for her as the dollar grew stronger against a basket of international currencies.
All around the globe, world leaders are doing their best to convince investors that the departure of Britain from the European Union won’t have the “world-ending” outcome that many feared shortly before the vote. Both U.S. Fed Governor Daniel Tarullo and German Chancellor Angela Merkel said that the Brexit would have a smaller than expected impact on their respective economies.
