Dow Tacks On 3rd-Straight Triple-Digit Win

The VIX tagged its lowest close since Sept. 22

Digital Content Manager
Oct 25, 2022 at 4:26 PM
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Wall Street's October rally keeps on chugging. The Dow marked its third consecutive triple-digit win, adding 337 points, while the S&P 500 and Nasdaq also extended their win streaks for a third-straight session. Cooling Treasury yields boosted sentiment today, as Alphabet (GOOGL) and Microsoft (MSFT) take to the earnings confessional after the close.

Elsewhere, consumer confidence took a turn lower in September, while home prices fell at a record pace in August. This has left some investors hoping the Federal Reserve will back off its hawkish stance sometime soon. Against this backdrop, the Cboe Volatility Index (VIX) logged its lowest close in over a month. 

Continue reading for more on today's market, including:

The Dow Jones Average (DJI - 31,836.74) added 337.1 points, or 1.1% for the day. Nike (NKE) led the gainers, adding 4.2%, while Travelers (TRV) paced the laggards with a 2.1% loss.

The S&P 500 Index (SPX - 3,859.11) rose 61.8 points, or 1.6% for the day. Meanwhile, the Nasdaq Composite (IXIC - 11,199.12) gained 246.5 points, or 2.3% for the session.

Lastly, the Cboe Volatility Index (VIX - 28.46) fell 1.4 points, or 4.7% for the session.

closing summary Oct25

nyse nasdaq Oct25

5 Things to Know Today

  1. Airlines are reporting strong travel demand, but parts and labor shortages are now making it hard for Boeing (BA) to deliver new planes, keeping fares high. (CNBC)
  2. President Joe Biden called on more Americans to get Covid-19 boosters amid low vaccination rates, as he received his own dose of the updated shot. (MarketWatch)
  3. Call traders eyed Coca-Cola stock after blowout earnings.
  4. General Motors stock popped on a reaffirmed full-year forecast.
  5. This auto stock enjoyed a halo liftahead of its quarterly report.

Earnings Oct25

UVOL Oct25

Gold Prices Nudge Higher as U.S. Dollar Cools

Oil prices edged higher on Tuesday, despite tight supply concerns after China revealed crude imports are down 4.3% compared to a year ago, despite rising to 9.8 billion barrels in September. November-dated crude rose 74 cents, or 0.9%, to finish at $84.58 per barrel.

Gold settled higher as well, thanks in large part to a weaker U.S. dollar and retreating Treasury yields. In response, December-dated gold added $3.90, or 0.2%, to close at $1,658 an ounce.


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