A surprising day

A surprising day indeed. The Dow rose almost 284 points, which is its largest point gain since October 2002. The Nasdaq and the S&P 500 grew 1.88% and 1.91% respectively. We can mainly thank the aluminum sector for today's shock as two metal giants started a bidding war. Rio Tinto, an Anglo-Australian metals company, agreed to purchase Canadian aluminum giant Alcan for $101 a share, or about $38 billion, in an effort to out bid their U.S. rival's, Alcoa, bid of $27.94 billion. Tomorrow might not be as fun to see because 2nd quarter earnings are not enough to justify today's startling jump. We will see. . . DJIA +283.86 Nasdaq +49.94 S&P 500 +28.94