The Dow Jones Industrial Average (DJI) spent the whole session above the 17,100 level, helped by a raft of strong economic data -- including a banner month for durable goods. In fact, just before noon ET, the Dow touched a record high of 17,153.80. Not to be outdone, the S&P 500 Index (SPX) notched its own all-time high of 2,005.04 -- and closed above 2,000 for the first time ever -- while the Nasdaq Composite (COMP) hit a 14-year peak of 4,575.59.
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The Dow Jones Industrial Average (DJI - 17,106.70) added 29.8 points, or 0.2%, to close above 17,100 for the first time since July 22. Seventeen of the Dow's 30 components ended in the green, led by UnitedHealth Group Inc. (NYSE:UNH), Pfizer Inc. (NYSE:PFE), and International Business Machines Corp. (NYSE:IBM), which each tacked on 1.0%. On the flip side, General Electric Company (NYSE:GE) and Nike Inc (NYSE:NKE) both lost 0.7%, pacing the blue-chip decliners.
The S&P 500 Index (SPX - 2,000.02) managed to close above the 2,000 level (barely) for the first time in history, ending with a gain of 2.1 points, or 0.1%. The Nasdaq Composite (COMP - 4,570.64) tacked on 13.3 points, or 0.3%, to best the other two indexes on a percentage basis.
The CBOE Volatility Index (VIX - 11.63) resumed its downtrend, giving up 0.07 point, or 0.6%, for its fifth straight close below 12.
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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