Dow, S&P 500 Nab Third-Straight Record Close
The S&P 500 hit a third-straight record high on Tuesday, as investor sentiment continued to strengthen amid a mostly strong earnings season. The Dow and Nasdaq also closed in the back, with the former notching its own third-straight record close. Facebook's (FB) post-earnings bear gap weighed on the tech sector, however, some of this sentiment was saved by strong quarterly reports from United Parcel Service (UPS), and General Electric (GE).
The Dow Jones Average (DJI - 35,756.88)added 15.7 points or 0.04% for the day. Procter & Gamble (PG) paced the gainers with a 1.4% rise, while Intel (INTC) fell to the bottom, shedding 2.3%.
The S&P 500 Index (SPX - 4,574.79) gained 8.3 points, or 0.2% for the day, while the Nasdaq Composite (IXIC - 15,235.71) tacked on 9 points, or 0.1% for the day.
Lastly, the Cboe Volatility Index (VIX - 15.98) added 0.7 point, or 4.9% for the day.




OIL LUNGES TOWARD MORE MULTI-YEAR HIGHS
Expectations that the global oil supply will remain tight sent the commodity toward another fresh seven-year high. Meanwhile, investors are also eyeing an upcoming meeting with the Organization of the Petroleum Exporting Countries and its allies (OPEC+), which will take place on Nov. 4, though no major policy changes are anticipated. The most active December-dated crude contract rose 89 cents, or 1.1% to settle at $84.65 a barrel.
Gold prices took a hit today as investors took profits from the precious metal's rise above the $1,800 level yesterday. December-dated gold lost $13.40, or 0.7%, to settle at $1,793.40 an ounce.
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