The Dow Jones Industrial Average (DJI) continued its ascent today -- hitting a record high for the third straight session, and finishing above the 17,200 level for the first time ever -- as investors cheered the Federal Open Market Committee's (FOMC) decision yesterday to maintain low interest rates for a "considerable time." The S&P 500 Index (SPX) followed suit, topping out at an all-time peak of 2,012.34, and closing above the critical double-millennium mark for a second straight day. Looking ahead, traders are eagerly awaiting Alibaba Group Holding Ltd's (NYSE:BABA) public debut, scheduled for tomorrow.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 17,265.99) ran to a record peak of 17,275.37, before finishing 109.1 points, or 0.6%, higher. By the close, 26 of the Dow's 30 components were in the green, led by E I Du Pont De Nemours And Co (NYSE:DD), which gained 2.8%. Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) paced the index's four losers, each off 0.5%.
The S&P 500 Index (SPX - 2,011.36) tagged its own all-time high of 2,012.34 -- and ended 9.8 points, or 0.5%, above breakeven -- while the Nasdaq Composite (COMP - 4,593.43) tacked on 31.2 points, or 0.7%.
The CBOE Volatility Index (VIX - 12.03) suffered another negative finish -- down 0.6 points, or 4.9% -- but managed to close atop the 12 level.
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
Why OIH Is Finding Key Support at $52
Featured Partners: AOL DailyFinance
© 2014 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.