Though the Bank of Japan's (BoJ) decision to widen its cap on the 10-year Japanese government bond yield threw the U.S. market for a loop this morning, stocks managed gains by the end of the day.

All three major benchmarks snapped their four-day losing streaks, with the Dow finishing the day 92 points higher. The S&P 500 and Nasdaq logged more muted gains, settling just above breakeven, while the Cboe Volatility Index (VIX) fell for the third-straight day. 

OIL, GOLD RISE

Oil prices continued their rise despite surging Covid-19 cases in China. West Texas Intermediate (WTI) crude for January delivery added 90 cents, or 1.3%, to end at $76.19 a barrel.

Gold prices rose after the Bank of Japan's decision put pressure on the U.S. dollar. February-dated gold rose $27.70, or 1.5%, to finish at $1,825.40 per ounce. 

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