While able to erase steeper morning losses, the Dow finished the day 36 points below breakeven. The S&P 500 and Nasdaq both logged their fourth-straight wins though, including a triple-digit pop from the latter. The earnings slate was bare today, but investors are gearing up for another jam-packed week, hopeful that it will reflect last week's impressive turnout from the finance sector.
A lackluster gross domestic product (GDP) reading out of China poured cold water on some sentiment today. A worse-than-expected U.S. industrial production decline for September also kept a lid on market optimism today, as the reading fell to its lowest level since February.
The Dow Jones Average (DJI - 35,258.61) lost 36.2 points or 0.1% for the day. Goldman Sachs (GS) paced the gainers with a 1.9% pop, while Walt Disney (DIS) fell to the bottom, shedding 3%.
The S&P 500 Index (SPX - 4,486.46) added 15.1 points or 0.3% for the day. The Nasdaq Composite (IXIC - 15,021.81) tacked on 124.5 points, or 0.8% for the day.
Lastly, the Cboe Volatility Index (VIX - 16.32) added 0.01 points or 0.1% for the day.
OIL EYES VOLATILITY AHEAD, EKES OUT WIN
Oil prices inched higher on Monday but ultimately fell short of their seven-year intraday peak. November-dated crude rose 16 cents, or 0.2%, to settle at $82.44 a barrel.
Gold prices continued to drop, as Bitcoin (BTC) strengthened and U.S. Treasury yields rose slightly. December-dated gold shed $2.60, or 0.2%, to settle at $1,765.70 an ounce for the day.
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