The Dow Jones Industrial Average (DJI) edged higher in a low-volume session today, with traders treading lightly as conflicts overseas temporarily cooled. In Gaza, Israel and Hamas agreed to another 72-hour cease-fire, while Russia concluded military exercises near the Ukrainian border. With no major economic or earnings reports on the domestic docket, investors mostly took their cues from abroad, where stocks in Asia and Europe settled comfortably higher.
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The Dow Jones Industrial Average (DJI - 16,569.98) finished a sleepy session on a gain of 16.1 points, or 0.1%. Exactly half of the Dow's 30 components closed higher, led by a 1.3% advance for Intel Corporation (NASDAQ:INTC). Meanwhile, American Express Company (NYSE:AXP) shed 0.6% to pace the 12 laggards, and three other blue chips closed flat.
The S&P 500 Index (SPX - 1,936.92) climbed 5.3 points, or 0.3%. The Nasdaq Composite (COMP - 4,401.33) managed the day's biggest jump, tacking on 30.4 points, or 0.7%.
The CBOE Volatility Index (VIX - 14.23) fell as far south as 13.72, but pared its losses to end on a drop of 1.5 points, or 9.8%. As a result, the VIX settled beneath its 10-day moving average for the first time since July 24.
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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