Dow, S&P 500 Snap Losing Streaks As Treasury Yield Retreats

All three major indexes managed to log a session win, as the Dow and S&P 500 each snapped a six-day losing streak. The tech-heavy Nasdaq managed a second consecutive day in the black, while investors kept an eye on the now retreating 10-year Treasury yield, following its Tuesday surge above 4%. Moving against the grain today was Apple (AAPL), which suffered a notable pullback after adjusting production output for its iPhone 14 model.

The Dow Jones Average (DJI - 29,683.74) jumped 548.8 points or 1.9% for the session. Home Depot (HD) led the winners with a 5% rise, while AAPL was the only loser, suffering a 1.3% drop.

The S&P 500 Index (SPX - 3,719.04) climbed 71.8 points, or 2%, while the Nasdaq Composite (IXIC - 11,051.64) added 222.1 points, or 2.1%. 

Lastly, the Cboe Volatility Index (VIX - 30.18) shed 2.4 points, or 7.4%, today.

closing indexes sept 28 22

nyse and nasdaq sept 28 22

earnings sept 28 22

uvol sept 28 22


As output slowed due to the approach of Hurricane Ian in the Gulf of Mexico, oil settled the session higher. November-dated West Texas Intermediate (WTI) crude rose $3.65, or 4.7%, to settle at $82.15 a barrel.  

Gold managed to hit a nearly one-week peak, as both the 10-year Treasury yield and greenback inched lower. December-dated gold climbed $33.80, or 2.1%, to settle at $1,670 per ounce. 

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