Stocks saw a strong return today, with the Dow and Nasdaq both settling with triple-digit pops, as the former rose 239 points and the latter notching a fresh record high. The S&P 500 also logged a sizeable win, as well as a new all-time closing high. Earnings season saw another good show today, with Ford (F) in the spotlight after a beat-and-raise, while investors look ahead to reports from several big tech names, including Apple (AAPL) and Amazon.com (AMZN), due out after the close this evening.
The Dow Jones Average (DJI - 35,730.48) added 239.8 points or 0.7% for the day. Merck (MRK) paced the gainers with a 6.1% rise, while Visa (V) fell to the bottom, shedding 2.8%.
The S&P 500 Index (SPX - 4,596.42) added 44.7 points, or 1% for the day, while the Nasdaq Composite (IXIC - 15,448.12) tacked on 212.28 points or 1.4% for the day.
Lastly, the Cboe Volatility Index (VIX - 16.53) lost 0.5 point, or 2.7% for the day.
OIL RALLY COOLS OVER EIA UPDATE
Oil rose slightly on Thursday, taking back some of its losses suffered yesterday amid news that Iranian nuclear deal talks could soon resume. December-dated crude added 42 cents, or 0.2% to settle at $82.81 a barrel.
A disappointing gross domestic product (GDP) reading for the third quarter helped buoy gold prices back above the $1,800 mark. December-dated gold rose $3.80, or 0.2%, to settle at $1,802.60 an ounce.
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