Dow Strings Together Third-Straight Triple Digit Pop
Stocks closed higher for a third-straight session Tuesday, as investors monitored the geopolitical fallout from the Israel-Hamas war. The biggest move for the day came from the 10-year Treasury note, which fell 15 basis points today to 4.68%. The fall in bond yields across the board helped the Dow secure a third-straight triple-digit win and its longest win streak since Aug. 30. The Nasdaq and S&P 500 logged outsized wins of their own, while the Cboe Volatility Index (VIX) clocked to its lowest close since Sept. 25.
OIL FUTURES RETREAT AFTER RALLY
Oil futures erased some of yesterday's rally, as investors pondered the impact of the Israel-Gaza war on black gold prices in the Middle East. Crude for November delivery lost 41 cents, or 0.5%, to settle at $85.97 per barrel.
Gold prices rose for a third-straight session, with December-dated gold gaining $11 to settle at $1,875.30 an ounce.
More By This Author:
Dow Up Over 200 Points As Treasury Yields Decline
Wall Street Stages Late-Day Rally After Volatile Session
Dow Rebounds, Still Below Fair Value