The Dow Jones Industrial Average (DJI) settled convincingly higher today, despite a less-than-stellar report on retail sales. While the data fell short of expectations, it also helped to assuage concerns that a Fed rate hike may be imminent. (Meanwhile, today's speeches from Fed Presidents Dudley and Rosengren were completely free of policy clues.) As a result, stocks stayed on positive ground throughout the session, with a strong showing by Amazon.com, Inc. (NASDAQ:AMZN) setting the pace for the outperforming tech sector.
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The Dow Jones Industrial Average (DJI - 16,651.80) closed on a gain of 91.3 points, or 0.6%, as 29 of its 30 components advanced. Intel Corporation (NASDAQ:INTC) led the way with a 2.9% jump, while Wal-Mart Stores, Inc. (NYSE:WMT) was the lone laggard, shedding 0.3%.
The S&P 500 Index (SPX - 1,946.72) tacked on nearly 13 points, or 0.7%, and finished less than two points away from its session high. The Nasdaq Composite (COMP - 4,434.13) led the pack by rising 44.9 points, or 1% -- and, similar to the SPX, the COMP settled just fractions of a point from its intraday peak.
The CBOE Volatility Index (VIX - 12.90) fell 1.2 points, or 8.7%. In the process, the VIX settled beneath its 20-day moving average for the first time since July 23.
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
Why OIH Is Finding Key Support at $52
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