The Dow Jones Industrial Average (INDEXDJX:DJI) shot higher out of the gate, with help from a well-received earnings report from blue-chip component Boeing Co (NYSE:BA). However, these upbeat quarterly results couldn't save the DJI from a steep supply-related sell-off in crude -- or another call to be "patient" from the Federal Open Market Committee (FOMC) -- and by the close, the 30-stock index was staring at its second consecutive triple-digit loss. It was a similar set-up elsewhere on the Street, as well, with the Nasdaq Composite (COMP) surrendering early gains, and the S&P 500 Index (SPX) testing support atop the highly watched 2,000 mark.
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The Dow Jones Industrial Average (DJI - 17,191.37) traded in a nearly 300-point range today, before eventually closing down 195.8 points, or 1.1% -- near its session low. Twenty-seven of the Dow's 30 components finished in the red, led by Chevron Corporation's (NYSE:CVX) 4.2% plunge. BA paced the three advancers with its 5.4% pop.
The S&P 500 Index (SPX - 2,002.16) was up nearly 13 points at its intraday high, before settling with a 27.4-point, or 1.4%, loss. Meanwhile, a big earnings beat for AAPL couldn't help the tech-rich Nasdaq Composite (COMP - 4,637.99) from giving back 43.5 points, or 0.9%.
The CBOE Volatility Index (VIX - 20.44) jumped 3.2 points, or 18.7%, to settle above the round-number 20 mark for the first time since Jan. 16.
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
The Case for Big Moves in IWM and QQQ
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