Stocks Stay Hot As "Fear Gauge" Cools

Stocks secured sizable wins today, with the Dow now having added 825 points in the last two trading days. The S&P 500 and Nasdaq joined the blue-chip index in the black, with investors shrugging off potential Election Day headwinds, a supply warning from Apple (AAPL), and looming inflation data later in the week. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), fell for the third straight day and logged its lowest close since Sept. 12.

The Dow Jones Average (DJI - 32,827.00) added 423.8 points or 1.3% for the day. Walgreens Boots Alliance (WBA) paced the 27 gainers with a 4.1% win, while Nike (NKE) led the laggards with a 2.5% drop. 

The S&P 500 Index (SPX - 3,806.80) popped 36.3 points or 1% for the day. The Nasdaq Composite (IXIC - 10,564.52) rose 89.3 points or 0.9% for the session.

Lastly, the Cboe Volatility Index (VIX - 24.35) lost 0.2 point, or 0.8% for the session.

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Oil, Gold Move In Opposite Directions

Oil prices took a breather, with black gold tied to the prospects of China easing its restrictive Covid measures. December-dated crude shed 82 cents, or 0.9% to trade at $91.79 per barrel.

Gold climbed once more, settling at four-week highs. December-dated gold added $3.90, or 0.2%, to settle at $1,680.50 an ounce.


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