"There really wasn't any significant news over the weekend, and most global markets finished higher, as the 'don't short a boring market' mantra stayed intact," said Schaeffer's Senior Trading Analyst Bryan Sapp. "Until there is something new to surface, it's likely the slow grind higher will continue." However, the Dow Jones Industrial Average (DJI) pared earlier gains to close in negative territory.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 15,568.93) had a bumpy ride this morning, and then rose into positive territory during the afternoon hours. By the closing bell, however, the index was off 1.4 points, or 0.01%. The Procter & Gamble Company (NYSE:PG) led the Dow's 17 advancers with a gain of 1.6%, while Merck & Co., Inc.'s (NYSE:MRK) earnings-induced loss of 2.6% paced the 13 laggards.
The S&P 500 Index (SPX - 1,762.11) also spent time on both sides of breakeven, but managed to tag a record intraday peak of 1,764.99 before finishing 2.3 points, or 0.1%, higher -- also notching an all-time closing high. Meanwhile, the Nasdaq Composite (COMP - 3,940.13) shed 3.2 points, or 0.1%, on the day.
Elsewhere, the CBOE Volatility Index (VIX - 13.31) moved higher right out of the gate, and finished with a gain of 0.2 point, or 1.7%, by the closing bell.
3 Things to Know About Today's Market:
5 Stocks We Were Watching Today:
For a look at today's options movers and commodities activity, head to page 2.
9 Levels to Watch for Apple Inc.
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.