The volatility that has marked early October continued yesterday with a nearly 500 point Dow decline being erased on news of a possible debt limit deal and that rally continued into trading today on news a debt limit deal had indeed been reached.
At the close:
Dow +338 to 34755
S&P 500 +36 to 4400
NASDAQ +152 to 14654
Oil +1.30 to 78.75
Gold -6 to 1756
In corporate news rising cotton prices had been weighing on the shares of Levi Strauss, but the stock was 8.5% higher today after the company reported revenue above expectations and net income 30% higher than what analysts had predicted. Shares of Costco were fractionally higher after the retail giant reported same store sales for September were nearly 10% above last year. IBM became the latest company to mandate vaccines, or you go on unpaid leave.
U.S. stocks closed up today as the market bounced back...
U.S. stocks closed lower today with equities resuming a downward...
U.S. stocks dropped sharply today as investors digested a key...