Dow Marks Best Month In Over 45 Years

Though stocks settled lower today, all three major benchmarks snapped a two-month losing streak with solid wins. The Dow fell 128 points on Monday but rose roughly 14% in October -- its best performance since 1976. The S&P 500 and Nasdaq also settled firmly in the red, but this month added 8% and 3.9%, respectively, amid strong gains from industrial and financial stocks.

Elsewhere, the Cboe Volatility Index (VIX) just turned in its worst month since July. November will start with a bang tomorrow, as the Federal Reserve kicks off its two-day policy meeting, which is expected to end with another aggressive interest rate hike.

The Dow Jones Average (DJI - 32,732.95) dropped 128.9 points, or 0.4% for the day, but gained roughly 14% for the month. Travelers (TRV) led the gainers, adding 1.4%, while Intel (INTC) paced the laggards with a 2.2% loss.

The S&P 500 Index (SPX - 3,871.98) shed 29.1 points, or 0.8% for the day, but added 8% this month. Meanwhile, the Nasdaq Composite (IXIC - 10,988.15) fell 114.3 points, or 1% for the session, and gained 3.9% for the month.

Lastly, the Cboe Volatility Index (VIX - 25.88) rose 0.1 points, or 0.5% for the session, and lost 18.2% for the month.

closing summary Oct31

nyse nasdaq Oct31

Earnings Oct31

UVOL Oct31


Oil prices settled lower on Friday, following China's downbeat factory activity data and resurfacing Covid-19 restrictions. December-dated crude shed $1.37, or 1.6%, to finish at $86.53 per barrel. For October, black gold added 8.9%, snapping its four-month losing streak.

Gold prices moved lower as well to log their third consecutive daily drop and seventh-straight month of losses. Concerns that the Federal Reserve could maintain its hawkish policy weighed on the yellow metal ahead of this week's interest rate decision. December-dated gold shed 1.9% for the month, and for the day dropped $4.10, or 0.3%, to settle at $1,640.70 an ounce.

More By This Author:

Stocks Set to Snap 2-Month Losing Streak Ahead of Fed Meeting
Nasdaq, S&P 500 Pop; Dow Extends Weekly, Daily Win Streaks
Stocks Boast Midday Gains On Road To Big Weekly Weekly Wins

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.