The Dow Jones Industrial Average (DJI) didn't venture far from breakeven today, staying within a 57-point range. By the close, the blue-chip index settled slightly higher, with a respectable gain for the week.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI) spent a rather quiet day trading around the breakeven mark. The index ended shy of the 13,500 level, up 17 points, or 0.1%. For the week, the Dow closed 0.4% higher. Of the 30 Dow components, half of them closed in positive territory, with Microsoft (NASDAQ:MSFT) in the lead with a 1.4% gain. At the back of the pack was the Dreamliner-plagued Boeing (NYSE:BA), which dropped 2.5%.
The S&P 500 Index (SPX) once again narrowly missed a new five-year high and actually closed down a fraction on the day, shedding less than 0.1 point. The Nasdaq Composite (COMP) kept pace with the Dow, tacking on 4 points, or 0.1%. For the week, the SPX added 0.4% and the COMP rallied 0.8%.
The CBOE Market Volatility Index (VIX) continued its descent, closing off 0.1 point, or 1%. On a weekly basis, the index dropped 3.4%.
3 Things to Know About Today's Market:
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Today's Top Tweet:
"Facebook to launch on Mars is the mystery announcement - anything short will be disappointment at this point."
@fundmyfund, (Mark H), 10:51 a.m.
5 Stocks We Were Watching Today:
Question of the Day:
Q: What is a margin call?
A: A margin call occurs when a trader is contacted (typically over the phone) by his broker and instructed to deposit additional cash or securities to cover anticipated or realized losses. It can also happen if a trader's account value falls below a minimum threshold. A margin call is nothing an investor ever wants to experience, and it should be understood that it is a demand, not a request. If investors are unable to come up with the cash or additional securities, brokers have the right to liquidate positions in the account to secure the capital.
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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