U.S. markets kicked off 2012 with a first-day party that saw the Dow jump
almost 1.5% and it was music to the ears to numerous sectors, including some of
2011's dogs. Citigroup (NYSE: C ) led a laundry list of financials charging
higher Tuesday, gaining a whopping 7.7% to finish at $34.98. Bank of America
(NYSE: BAC ), one of the seeming villains of last year , got a 4.3% head start
on the rest of 2012, while national bretheren JPMorgan (NYSE: JPM , +5.2%) and
Wells Fargo (NYSE: WFC , +3.2%) also celebrated the arrival of Baby New Year.
Materials companies also started hot. ArcelorMittal (NYSE: MT ), which lost
almost half its value in 2011, gained almost 9% on the day and finished at
$19.77, with sector mates National Steel (NYSE: SID ) and U.S. Steel (NYSE: X )
climbing 7% and 6.5%, respectively. And InvestorPlace Editor Jeff Reeves got off
to a roaring start to the 10 Best Stocks for 2012 competition, as his pick 2011
hard-luck story Alcoa (NYSE: AA ) gained 6.7%. Only four Dow Jones stocks were
absent from the party, including a couple big winners from 2011. Verizon (NYSE:
VZ ), which gained 12% last year, was down 1%; and McDonald's (NYSE: MCD )
the best Dow stock of 2011 fell 1.5%. Another notable loser Tuesday was
Angie's List (NASDAQ: ANGI ), one of 2011's big social IPOs . After the
quiet period for Angie's List expired, analysts were fairly reserved on the
stock , sending ANGI shares down more than 6% on the day. Three Up Nabors
Industries (NYSE: NBR ): Up 9.69% ($1.68) to $19.02. Micron Technology (NASDAQ:
MU ): Up 7.47% (47 cents) to $6.76. Research In Motion (NASDAQ: RIMM ): Up 6.97%
($1.01) to $15.51. Three Down Aveo Pharmaceuticals (NASDAQ: AVEO ): Down 19.59%
($3.37) to $13.83. Groupon (NASDAQ: GRPN ): Down 6.59% ($1.36) to $19.27. Altria
Group (NYSE: MO ): Down 3.68% ($1.09) to $28.56. As of this writing, Kyle
Woodley did not hold a position in any of the aforementioned stocks. Check out
our list of previous IP Market Recaps .
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