Tech stocks rebounded amid optimism regarding the government shutdown
Tech stocks swayed the broader market once again, rebounding as the Senate moved forward with a deal to end the government shutdown. The tech-heavy Nasdaq rose 522 points for its largest single-day percentage gain since May 27, while the Dow added 381 points, and the S&P 500 enjoyed a rare triple-digit win of its own. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index, suffered its worst day in over two weeks.
Continue reading for more on today's market, including:
- Checking in with 3 airline stocks amid sector woes.
- Options bulls are buying up this Bitcoin holder.
- Plus, MP rebounds on upgrade; RUM's big acquisition; and a survey for our subscribers.
Bullion Bounces Back After Losing Week
Oil prices edged higher amid government shutdown optimism. December-dated West Texas Intermediate (WTI) crude added 13 cents, or 0.22%, to settle at $59.88 per barrel.
Gold prices jumped higher, with spot gold tapping a two-week high on the heels of the recent weak economic data out of the U.S.. December-dated gold futures finished up 2.2% to settle at $4,099.20 per ounce.