The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) popped higher early in today's session, thanks to a stronger-than-expected Automatic Data Processing (ADP) payrolls report. However, the broad-market indexes gave back some of their gains after Fed Chair Janet Yellen addressed the limitations of the current monetary policy -- and barely came out on top at the closing bell.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 16,976.24) spent just about the entire day in the green, and closed out the session up 20.2 points, or 0.1%.
For the second day in a row, International Business Machines Corp. (NYSE:IBM) enjoyed the biggest move among the 17 advancing Dow members with a 1.1% gain, while JP Morgan Chase & Co. (NYSE:JPM) led the 11 decliners with a 1% loss on the day. Intel Corporation (NASDAQ:INTC) and The Coca-Cola Company (NYSE:KO) both finished flat.
The S&P 500 Index (SPX - 1,974.62) also managed to knock out a daily win, closing just 1.3 points, or 0.1%, higher. Meanwhile, the Nasdaq Composite (COMP - 4,457.73) landed on the south side of breakeven, with a daily loss of 0.9 point.
The CBOE Volatility Index (VIX - 10.82) lost 0.3 point, or 3%, today, and ended below 11 for the first time since June 23.
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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