A turnaround in tech stocks helped the major indexes recover
It was a volatile day on Wall Street, with the Dow and S&P 500 ultimately finishing in the black, and snapping their three-day losing streak. The blue-chip index was down 507 points at its session lows, and briefly breached the 24,000 level, but erased those steep losses in afternoon trading. Rebounding tech and FAANG stocks also helped put the Nasdaq firmly in the black at close, with Wall Street shaking off concerns about bond yields and a delayed Brexit vote.
Continue reading for more on today's market, including:
Analysts: Dump these 2 stocks now.
The Dow Jones Industrial Average (DJI - 24,423.26) ended up 34.3 points, or 0.1%. Of the 30 Dow components, 16 finished higher, led by a 2.6% gain from tech icon Microsoft (MSFT). JPMorgan Chase (JPM) paced the 14 losers with a 1.9% drop.
The S&P 500 Index (SPX -2,637.72) added 4.6 points, or 0.2%.The Nasdaq Composite (IXIC - 7,020.52) tacked on 51.3 points, or 0.7%.
The Cboe Volatility Index (VIX - 22.64) ended the day down 0.6 point, or 2.5%.
There are no earnings to report today.
Data courtesy of Trade-Alert
Oil futures finished lower today, despite last week's agreed-upon production cuts from the Organization of the Petroleum Exporting Countries (OPEC). January-dated crude futures gave back $1.61, or 3.1%, to finish at $51 per barrel, the lowest close in over a week.
Gold futures pulled back today, after the dollar gained and the British pound crumbled amid the Brexit drama. February-dated futures shed $3.20, or 0.3%, to settle at $1,249.40 per ounce.