Midday Dow Jones Industrial Average (INDEXDJX:.DJI): Index Rallies Following BoJ Action

By Alec Niedenthal  SEP 19, 2012 3:25 PM

Good housing market news certainly doesn't hurt Home Depot.

 


MINYANVILLE ORIGINAL The Dow Jones Industrial Average Index (INDEXDJX:.DJI) is up 47.04 points, or .35%, to 13,611.368 as of 2:56 p.m. EDT. The Index’s low so far for today is 13,556.74, and its high is 13,626.48. This move upward can be linked to the Bank of Japan’s promise to ramp up its asset-buying program in which it buys sovereign debt, though only a limited amount (in contradistinction to its US and EU counterparts). Futures are up 40 points to 13,539 after we learned that the housing market might be the harbinger of US economic recovery.
 
In terms of equities, Disney (NYSE:DIS) is up 1.70% to $52.78.
 
Pfizer (NYSE:PFE) is up 1.27% to $24.31 per share. It is now the subject of a class-action lawsuit on behalf of those who claim they’ve been misled over antidepressants manufactured by its subsidiary, Wyeth (NYSE:WYE).
 
Bank of America (NYSE:BAC) is up 1.14% to $9.34 after reiterating its neutral rating on Yahoo (NASDAQ:YHOO).
 
Home Depot (NYSE:HD), riding the housing news, is up 1.33% to $59.64. 
No positions in stocks mentioned.