Major Indexes Secure Four-Day Win Streaks

Gold is on a four-day winning run as well

Deputy Editor
Oct 11, 2023 at 4:31 PM
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Wall Street finished a choppy session strong today. Despite a nearly triple-digit deficit at its session lows, the Dow finished modestly higher for a fourth-straight day. The S&P 500 and Nasdaq secured four-day win streaks as well, the latter's fourth win in the last five trading days.

Trading was volatile today as U.S. consumer inflation figures came in below estimates, while all eyes are on tomorrow's consumer price index (CPI) report for September. Elsewhere, the 10-year Treasury yield jumped towards the end of the session after bond dealers' buying at today's auction was lower than usual.

  • The chemical stock with an impressive technical setup.
  • Why this alternative energy stock broke out today.
  • Plus, a rare occurrence for the SPX; Exxon's crude move; and CSX's bull note.

Closing Indexes Summary Oct 11

NYSE and Nasdaq Stats Oct 11

5 Things to Know Today

  1. Republican Majority Leader Steve Scalise defeated Judiciary Committee Chair Jim Jordan for the GOP's House speaker nomination. (CNBC)
  2. The Energy Information Administration (EIA) forecasted lower natural-gas heating bills this winter. (MarketWatch)
  3. It's been more than 400 days since the SPX has done this.
  4. What the Exxon Mobil merger did for XOM.
  5. Transportation stock added to brokerage's "focus list."

There were no earnings of note today.

Unusual Options Activity Oct 11

Gold Futures Snag 4th-Straight Win

Oil futures fell even further today as traders continued to monitor the Israel-Gaza war . Crude for November delivery lost $2.48, or 2.9%, to settle at $83.49 per barrel.

For a fourth consecutive session, bullion prices moved higher. December-dated gold added $12 to settle at $1,887.30 an ounce.  

 

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