Dow, S&P 500 Log Second-Straight Record Close

The Dow scored a 220-point pop today  -- its fourth triple-digit gain in five sessions -- and notched a second-straight record close. Investors were encouraged by cooler-than-expected inflation data, which may have implied that recent prices increases are transitory. The S&P 500 closed just above breakeven but managed a second-straight record close of its own. Meanwhile, the Nasdaq was sidelined once again, dragged down by FAANG names. Elsewhere, the Cboe Volatility Index (VIX), Wall Street's "fear gauge," fell to its lowest close since July 2.

The Dow Jones Average (DJI - 35,484.97) rose 220.3 points or 0.6% for the day. Caterpillar (CAT) topped the list of blue-chip winners today, adding 3.6%, while Visa (V) paced the laggards with a 1.3% dip.

The S&P 500 Index (SPX - 4,447.70) gained 11 points or 0.3% for the day. Meanwhile, the Nasdaq Composite (IXIC - 14,765.14) shed 23 points, or 0.2%, for the day.

Lastly, the Cboe Volatility Index (VIX - 16.06) lost 0.7 points, or 4.4%, for the day.

Closing Summary 0811

Earnings 0811

UVOL 0811


Oil prices pared earlier losses, finishing higher after the White House urged the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to increase its production to aid in economic recovery efforts.  As a result, September-dated crude added 96 cents, or 1.4%, to settle at $69.25 a barrel for the day.

Gold prices rose as well, following the Consumer Price Index (CPI) reading out of the U.S., which showed consumer prices rose at a slower pace last month. Today's positive movements helped bullion recover some ground after four straight losses. The most active contract, December-dated gold, gained $21.60, or 1.3%, to settle at $1,753.30 an ounce today.

Disclaimer: Copyright © 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. This material is reproduced with the prior written consent of S&P DJI. Please ...

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.