Stocks finished the day mixed, as investors unpacked the latest batch of corporate earnings. The Dow rose roughly 250 points, with help from IBM (IBM) and Procter & Gamble's (PG) post-earnings pops, while the S&P 500 (SPX) closed flat. The Nasdaq, however, suffered a triple-digit loss as Netflix's (NFLX) dramatic plummet spooked investors away from tech and streaming platforms. Meanwhile, the 10-year Treasury yield retreated from yesterday's three-year highs.
The Dow Jones Average (DJI - 35,160.79) rose 249.6 points or 0.7% for the day. IBM (IBM) led the gainers with a 7.1% rise, while Walt Disney (DIS) dropped to the bottom of the index with a 5.6% loss.
The S&P 500 Index (SPX - 4,459.45) fell just 2.8 points, or 0.06%, for the day, while the Nasdaq Composite (IXIC - 13,453.07) fell 166.6 points, or 1.2%.
Lastly, the Cboe Market Volatility Index (VIX - 20.32) fell 1.1 points or 4.9%.
GOLD EXTENDS PULLBACK FROM MONDAY'S HIGHS
Oil prices inched higher today after data from the Energy Information Administration (EIA) showed U.S. crude supplies dropping by 8 million barrels for the week. May-dated West Texas Intermediate (WTI) crude rose 19 cents, or 0.2%, to end at $102.75 a barrel.
Gold futures fell for the second day, extending its drop from Monday's five-week high. June-dated gold gave back $3.40, or 0.2%, to settle at $1,955.60 an ounce -- the lowest settlement for the front-month contract since April 11.
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