The Dow Jones Industrial Average (DJI) ended slightly in the red, as portfolio managers modified their positions for the end of the third quarter, and traders reacted to a number of economic reports that came in below expectations -- including the Conference Board's consumer confidence index and the S&P Case-Shiller home price index. The broader S&P 500 Index (SPX) and tech-heavy Nasdaq Composite (COMP) followed suit, each posting its own modest loss. Elsewhere, commodities were in focus, as gold and oil reeled amid an ever-strengthening dollar.
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The Dow Jones Industrial Average (DJI - 17,042.90) saw both sides of breakeven, but ultimately finished 28.3 points, or 0.2%, lower. Thirteen of the DJI's 30 components ended in the green, with Visa Inc (NYSE:V) leading the way with a 1.2% advance. McDonald's Corporation (NYSE:MCD) paced the index's 17 losers, down 1.5%. For the month, the DJI lost 0.3%, but added 1.3% for the third quarter.
The S&P 500 Index (SPX - 1,972.29) dipped 5.5 points, or 0.3%, to finish below its 50-day moving average for just the second time since Aug. 15. The Nasdaq Composite (COMP - 4,493.39) gave back 12.5 points, or 0.3%. For September, the SPX and COMP fell 1.6% and 1.9%, respectively, but extended their quarterly win streaks to seven, with gains of 0.6% and 1.9%.
The CBOE Volatility Index (VIX - 16.31) picked up 0.3 point, or 2.1%, for its first finish north of 16 since Aug. 7. For the month, the market's "fear gauge" jumped 36.1%, and for the quarter, 41%.
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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