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.
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