The Dow took a breather today, shedding 197 points after a lackluster post-earnings move from Apple (AAPL). This marks the Dow's first midterm Election Day decline since 1990, as the blue-chip index logs a third session decline in four. The S&P 500 and Nasdaq nabbed modest gains thanks to semiconductor sector outperformance and snapped a three-day losing streak, respectively. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), ended its positive three-session win streak, as investors continue to monitor the polls.
Commodities Quiet With Potential Iran Deal in Focus
Oil prices were quiet today as the world awaits an update on geopolitical tensions in the Middle East. December-dated West Texas Intermediate (WTI) dropped 37 cents to close at $96.09.
Gold prices moved lower as the U.S. dollar rose. December-dated gold futures fell 0.8% to settle at $3,936.80 per ounce.
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