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KiplingerJul 14, 2020
Stock Market Today: Momentum Swings the Dow's Way
A day after California's widespread business closings knocked the major indices down a couple rungs, investors got word of declining daily caseloads of COVID-19 in that state and hard-hit Florida and moved to prop up more cyclical sectors.

Caterpillar (CAT, 4.9%) helped lead the Dow higher Tuesday, and energy stocks such as Exxon Mobil (XOM, 3.3%) and Chevron (CVX, 3.5%) also advanced the cause.

91 Top Dividend Stocks From Around the World Financial stocks were more muted, however, after Wells Fargo (WFC, -4.6%) not only reported its first quarterly loss since 2008, but became the latest marquee company to cut its dividend, hacking its payout from 31 cents quarterly to 10 cents. Indeed, financials (XLF, 0.6%) were the weakest of the 11 market sectors.

The major indices all enjoyed a flourish to finish Tuesday's trading. The Dow Jones Industrial Average led the way with a 2.1% gain to 26,642. The small-cap Russell 2000 logged a 1.6% gain to 1,426, and the S&P 500 improved 1.3% to 3,197. And the Nasdaq lagged again, up 0.9% to 10,488.

Can Emerging Markets Keep Rallying, Too? Like the Nasdaq, red-hot emerging markets such as China, Taiwan and India have started to cool just


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