The buyers were in full force on Wall Street Tuesday, driving the market higher amid lower oil prices and a rare positive housing report, and the new leaders of TheStreet.com's "Beat the Street" stock-picking game went along for the ride, posting impressive gains.
After the second session of trading, we have a new top three. Mkuzmack leapt to the top of the board, turning the $100,000 seed capital into $183,004.91. Linda27614 is just a hair behind with $181,190.72, good enough for second place, and third-place contestant cinsarb stands just $6000 behind at $175,175.42.
Players start the game, which went live Monday, with $100,000 of fictional money in their portfolios. They then use those funds to buy and sell stocks throughout the day. The contest runs for two months, and the winner at the end will pocket a very real $100,000 for their efforts.
Also standing tall after two days were Linaka with $161,993.04, and the rest of the top 10, who are in a logjam in the $155,000 range.
These impressive moves came on a day that saw the
Dow Jones Industrial Average
surge 128 points, or 1.03%, to 12,510.30, putting the blue-chip index back in to positive territory for the year. Twenty-nine of the Dow's 30 components finished the day in the black, led by
gained 13.22 points, or 0.93%, to 1437.77, and the
rose 28.07 points, or 1.16%, to 2450.33.