( At 4:37 p.m. EDT) So much for the end of the rally. The Dow Jones Industrial Average bounced back from the downtick that started the week to surge ahead by 178.73 points, or 2.5%, to 7395.70 Tuesday. That was the highest finish since Feb. 19. Only three of its 30 stocks declined. Alcoa ( AA) had the steepest drop, falling 8.7% to $5.59, a day after saying it would slash its dividend, lower other costs and look to raise capital. GM ( GM) shed 2% to $2.47, and the other laggard was Johnson & Johnson ( JNJ), but it only gave back 1 cent to $50.72. None of that was enough to prevent the fifth advance in the last six trading sessions. JPMorgan Chase ( JPM) was the top performer, rising 8.9% to $25.14. Next up was Citigroup ( C) with a 7.7% gain to $2.51. Home Depot ( HD) was also strong, adding 6.7% at $21.48. With the latest move higher, the Dow is now up 4.7% since the start of the month, a far cry from what happened in January and February. We've got two weeks to go in March, but it's not too early to start thinking we might see the first positive month of 2009.
See? All's Well Again
( At 12:34 p.m. EDT) The Dow spent the morning Tuesday unsure where it wanted to go, but right around the midpoint of the session the index was hitting its high for the day, up 83 points, or 1.2%, at 7300. Of the 30 stocks, 20 were rising and the other 10 were lower. Yesterday's late buyers break is all forgotten now.