The DJIA pared most of its losses by the close, while the SPX eked out a win
The Dow Jones Industrial Average (DJIA) was down more than 100 points at its intraday low, but eventually pared most of its losses -- and briefly turned higher -- by the close. A strong jobless claims report bolstered expectations for a fourth-quarter rate hike from the Fed, though the real test will come courtesy of tomorrow's highly anticipated nonfarm payrolls report. However, a surge in crude oil futures helped stocks recover most of their losses by the close, with the S&P 500 Index (SPX) even eking out a win.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJIA - 18,268.50) ended the day down 12.5 points, or 0.1%. Home Depot Inc (NYSE:HD) led the 13 Dow winners, finishing 2% higher, while American Express Company (NYSE:AXP) brought up the rear among the 17 losers, slipping 3.8%.
The S&P 500 Index (SPX - 2,160.77) managed to gain 1 point, or 0.1%, while the Nasdaq Composite (COMP - 5,306.85) followed the Dow down, losing 9.2 points, or 0.2%.
The CBOE Volatility Index (VIX - 12.84) gave up 0.2 point, or 1.2%.


5 Items on Our Radar Today
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- Snapchat parent Snap Inc. is rumored to be preparing a March IPO that would value the company at $25 billion, which would make the company the largest public offering debut since Alibaba Group Holding Ltd's (NYSE:BABA) 2014 debut. (Business Insider)
- Will Twitter Inc (NYSE:TWTR) ever actually find a buyer?
- Why one analyst thinks combining two "high cash burn businesses" may not be the greatest idea for Tesla Motors Inc (NASDAQ:TSLA).
- BlackBerry Ltd (NASDAQ:BBRY) is the latest smartphone maker to garner attention over a new release.


Data courtesy of Trade-Alert
Commodities:
November-dated crude managed to break the critical $50 level to finish the day up 61 cents, or 1.2%, at $50.44 per barrel -- a four-month high. Black gold's run higher was fueled by continued production-cut talks among the Organization of the Petroleum Exporting Countries (OPEC) members, and expectations for supply disruptions in the wake of Hurricane Matthew.
Meanwhile, gold hit four-month lows, due to a stronger dollar and encouraging economic data. December-dated gold continued its jaunt lower for the fourth day in a row to end down $15.70, or 1.2%, at $1,253.00 per ounce.
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