The Dow Jones Industrial Average (DJI) posted modest gains today, with Wall Street catching its collective breath following Tuesday's triple-digit drop. The blue-chip barometer spent time on both sides of breakeven, as traders digested a handful of M&A developments and a declining trade deficit -- all while keeping a close eye trained on the escalating conflict between Russia and Ukraine. By the close, though, the DJI had tacked on a modest 14 points.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 16,443.34) traded in a 118-point range today, before eventually closing up a modest 13.9 points, or 0.1%, as 18 of the Dow's 30 components finished in the green. The Procter & Gamble Company (NYSE:PG) led the charge with a 2.1% pop, while The Boeing Company's (NYSE:BA) 1.8% drop paced the decliners.
The S&P 500 Index (SPX - 1,920.24) spent time on both sides of breakeven today, before eventually settling fractionally higher. It was a similar set-up for the Nasdaq Composite (COMP - 4,355.05), which managed to notch a 2.2 point, or 0.05%, gain by the close.
The CBOE Volatility Index (VIX - 16.37) tapped the brakes in today's session. At the close, the market's "fear gauge" had given back 0.5 point, or 3% -- but managed to close a second consecutive session north of 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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