After a very sluggish start to the pre-holiday session, the Dow Jones Industrial Average (DJI) finally got moving, ending at its highest level in nearly two months. "It was simply a light volume day, with very little news out there," observed Schaeffer's Senior Technical Strategist Ryan Detrick. "We've found these days tend to trend higher, and that's exactly what happened."
Keep reading to see what else was on our radar today:
The Dow Jones Industrial Average (DJI – 12,943.82) spent just a few minutes lower this morning, but made the shift into positive territory, closing the abbreviated session 72.4 points, or 0.6%, higher. Twenty-three of the 30 blue chips ended with gains, as Caterpillar (NYSE:CAT) and Alcoa (NYSE:AA) led the winning components with upticks of 3.3% and 3.2%, respectively. Home Depot's (NYSE:HD) 2.6% tumble paced the seven losing issues.
The S&P 500 Index (SPX – 1,374.02)* edged out a victory today, adding 5.3 points, or 0.4%. Meanwhile, the Nasdaq Composite (COMP – 2,976.08) posted an increase of 24.9 points, or 0.8%, turning in the best performance of its fellow peers.
The CBOE Market Volatility Index (VIX – 16.65) didn't move much by the closing bell, ticking 0.2% lower.
Today's highlight: "After a shortened summer session, it'll be nice to have tomorrow off to enjoy the holiday with family and friends," said Detrick.
Turning to today's major market stories...
For today's activity in commodities, options, and more, head to page 2.
Mid-Caps Nearing a Triple of March 2009 Lows
Featured Partners: AOL DailyFinance
© 2013 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.