Indexes Notch 4 Straight As Market Rebound Continues
The market started the week on a high note, extending last week's rebound, as investors await tomorrow's key inflation data. The three major indexes secured their fourth-straight daily wins, with the Dow boasting a nearly 230-point gain. Energy (XLE) was the best-performing sector today, though the Utilities Select Sector SPDR Fund (XLU) hit a record high. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), snapped a three-day losing streak after suffering its worst week since June.
The S&P 500 Index (SPX - 4,110.41) tacked on 43.1 points, or 1.1% for the day, while the Nasdaq Composite (IXIC - 12,266.41) added 154.1 points, or 1.3%.
Lastly, the Cboe Volatility Index (VIX - 23.87) gained 1.1 points or 4.7%.
Oil, Gold Rise On The Day
Oil prices climbed for the third-straight day, as the Iran nuclear deal hit was delayed once again. October-dated crude rose 99 cents, or 1.1%, to $87.78 a barrel on the New York Mercantile Exchange.
Gold futures climbed today as treasury yields and the dollar fell. December-dated gold added $12, or 0.7%, to settle at $1,740.60 per ounce -- its highest price in two weeks.
More By This Author:
Dow Up Over 280 Points, Fourth-Straight Win In Sight
Wall Street Snaps 3-Week Losing Streak
Stocks Extend Gains, Weekly Wins In Sight