The Dow Jones Industrial Average (DJI) extended Monday's advance, with solid earnings from The Home Depot, Inc. (NYSE:HD) fueling the blue chips' fire. In addition, encouraging housing data bolstered sentiment, and the latest inflation figures stoked hopes for a lengthier-than-expected period of record-low interest rates from the Fed. Against this backdrop -- and ahead of tomorrow's Federal Open Market Committee (FOMC) meeting minutes -- the Dow added another 81 points, while the Nasdaq Composite (COMP) extended its quest for new highs.
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The Dow Jones Industrial Average (DJI - 16,919.59) tacked on nearly 81 points, or 0.5%, as 21 of its 30 components settled higher. Home Depot led the advancing majority with a post-earnings jump of 5.6%, while AT&T Inc. (NYSE:T) paced the nine decliners with a 0.5% drop.
The S&P 500 Index (SPX - 1,981.60) gained 9.9 points, or 0.5%, to end north of 1,980 for the first time since July 24. The Nasdaq Composite (COMP - 4,527.51) notched a 14-year peak for the second straight session, topping out at 4,528.91 before trimming its lead to 19.2 points, or 0.4%.
The CBOE Volatility Index (VIX - 12.21) retreated 0.1 point, or 0.9%, but found an intraday foothold in the 12 area.
5 Items on Our Radar Today:
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The Case for Big Moves in IWM and QQQ
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