Dow, S&P 500 Log First Monthly Loss Since April
Stocks finished the month with a thud, selling off in scary fashion fitting for Halloween. The Dow lost 378 points, and has finished in the red in eight of the last nine sessions. The S&P 500 and Nasdaq also fell victim to dismal post-earnings reactions from Big Tech, the latter suffering its worst single-session decline since Sept. 3.
All three major indexes finished with monthly losses, the Dow and S&P 500's first since April. As Election Day nears and investor restlessness churns, the Cboe Volatility Index (VIX) logged its highest close since Aug. 7.
Commodities Post Monthly Wins Despite Daily Chop
Oil prices climbed today, as geopolitical tensions propped up demand. December-dated West Texas Intermediate (WTI) crude rose 65 cents, or 1%, to settle at $69.26 per barrel for the session. For the month, black gold added 1.6%.
Gold prices suffered their largest one-day drop since July, as profit-taking took hold amid conflicting data and global anxieties. Gold for December delivery shed $51.50, or 1.8%, at $2,749.30 an ounce. Despite the sudden pullback, the safe-haven asset finished October up 3.4%.
More By This Author:
Big Tech Earnings Trigger Stock Market SelloffTech Stocks Propped Up By Alphabet Earnings
Stocks Finish Mixed; Nasdaq Nabs Record High
The posts on this blog are opinions, not advice. Please read our Disclaimers.