Amid an oil rebound, the DJIA added triple digits, while the SPX muscled back into positive year-to-date territory
The
Dow Jones Industrial Average (DJIA) surged triple digits -- and the broader
S&P 500 Index (SPX) returned to positive 2015 territory -- as
crude oil bounced back. Meanwhile, a rally in tech stocks helped the
Nasdaq Composite (COMP) outpace its peers, with
several notable components hitting record highs. Economic data came in upbeat, too, with home prices rising 5.2% year-over-year and consumer confidence improving more than expected.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJIA - 17,720.98) rocketed 192.7 points, or 1.1%, higher, as 29 of its 30 components advanced. Leading the way was Boeing Co (NYSE:BA), which added 1.9%. The lone laggard was Walt Disney Co (NYSE:DIS), which slid 0.2%.
The S&P 500 Index (SPX - 2,078.36) popped 21.9 points, or 1.1%, to reclaim positive year-to-date territory. The Nasdaq Composite (COMP - 5,107.94) jumped about 67 points, or 1.3%, toppling the round 5,100 level on a closing basis for the first time since Dec. 7.
The CBOE Volatility Index (VIX - 16.08) gave up 0.8 point, or 4.9%, to finish below its 200-day moving average for the third time in the past four sessions.
5 Items on Our Radar Today:
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Blue chip DuPont (NYSE:DD) will
lay off about 1,700 workers early next year -- all in the company's home state of Delaware -- ahead of its
merger with Dow Chemical Co (NYSE:DOW). "The effect in Delaware will be significant, reflecting the urgent need to restructure our cost base and, as part of that effort, reduce our corporate overhead costs so that we can remain competitive," DD CEO Ed Breen said in a letter to employees. (
Bloomberg Business)
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One Apple Inc. (NASDAQ:AAPL) supplier short sellers are still targeting.
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Carl Icahn upped the stakes in his bidding war with Bridgestone.
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Could "Call of Duty" power Activision Blizzard, Inc. (NASDAQ:ATVI) to even higher highs?
Data courtesy of Trade-Alert
Commodities:
Crude soared today amid forecasts of colder U.S. weather. By the close, February-dated futures were up $1.06, or 2.9%, at $37.87 per barrel.
Gold initially inched higher with oil prices, but reversed lower on a stronger dollar and a global stock rally. Specifically, February-dated gold slipped 30 cents to settle at $1,068 per ounce.