( At 5:25 p.m. EDT) The Dow Jones Industrial Average had its best day since November on Tuesday, closing up 379.44 points, or 5.8%, at 6926.49. All 30 of its components rose, and financials had the most impressive performance on a percentage basis. Citigroup ( C), in which a staggering 1.1 billion shares traded, added 38% to $1.45. Bank of America ( BAC) bounded ahead by almost 28% to $4.79. Because of the way the index is weighted, Citi contributed only 3.19 points to the overall advance, but JPMorgan Chase ( JPM) was good for nearly 29. IBM ( IBM) was the top stock in this category, accounting for just above 30 points of the move. Is it for real? Tomorrow's a new day. A flat or slightly down Dow wouldn't be the worst thing in the world, but if we get a 400-point selloff ... . I'll stop there. I'm already irritated thinking about it. For the session, the index was strong throughout and closed at its high. While it might be hard to believe, it was the third time in the last five trading days the Dow finished in the green. Back-to-back gains haven't happened in more than a month. Maybe Wednesday will change that.
The Stock Market Is Unstoppable
( At 1:22 p.m. EDT) Citigroup ( C) got it together in the first two months of the year. Barney Frank reportedly says the uptick rule might make a comeback. Ben Bernanke, whose recent anti-nationalization comments have been welcomed on Wall Street, didn't scare anybody off. Let's get this rally started. On the Dow, all 30 stocks were up in the early afternoon, and the index was gaining nearly 300 points, which thanks to being half of where we were in the fall of 2007, now means an improvement of more than 4%.