The Dow Jones Industrial Average (DJI) spent time on both sides of breakeven today during a low-volume session, as investors took a breather following Tuesday's record high. By the close, the Dow was slightly higher -- maintaining its foothold atop the 17,100 level -- while the S&P 500 Index (SPX) hit a record closing high, and finished north of 2,000 for a second consecutive day. Elsewhere, a lack of economic reports had speculators turning their attention to earnings numbers from Tiffany & Co. (NYSE:TIF) and Smith & Wesson Holding Corp (NASDAQ:SWHC), among others.
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The Dow Jones Industrial Average (DJI - 17,122.01) tacked on 15.3 points, or 0.1%, to finish above the 17,100 level for the second consecutive session. Seventeen Dow components ended in the green, led by UnitedHealth Group Inc.'s (NYSE:UNH) 1.5% advance. Meanwhile, The Coca-Cola Company (NYSE:KO) finished flat, while United Technologies Corporation (NYSE:UTX) and 3M Co (NYSE:MMM) paced the decliners with 0.5% losses.
The S&P 500 Index (SPX - 2,000.12) ended up 0.1 point -- at its highest close on record -- despite spending much of the day in the red. Although it tagged a fresh 14-year peak of 4,575.81 right out of the gate, the Nasdaq Composite (COMP - 4,569.62) closed with a loss of roughly 1 point.
The CBOE Volatility Index (VIX - 11.78) rebounded with a gain of 0.2 point, or 1.3%, but for the sixth straight session failed to topple the 12 mark.
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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