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By Staff Reporters
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The end of debt standoff and a stronger-than-expected jobs report helped boost the Dow to its biggest gain in over six months, while the NASDAQ is near a 14-month high.
Here is where the major benchmarks ended yesterday:
- The S&P 500® Index (SPX) was up 61.35 points (1.5%) at 4282.37, near a 10-month high; the Dow Jones industrial average was up 701.19 (2.1%) at 33,762.76; the NASDAQ Composite was up 139.78 (1.1%) at 13,240.77.
- The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.695%.
- CBOE’s Volatility Index (VIX) was down 1.07 at 14.58.
Financial companies were among the strongest performers Friday, with the KBW Regional Banking Index (KRX) rising more than 6%.
Oilfield services companies and others in the energy sector were also strong, as crude oil futures extended a recent rally above $70 per barrel. Volatility measures dropped as the debt ceiling deal removed a source of uncertainty, with the VIX hitting its lowest level since July 2021.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Funding Basics, Investing | Tagged: DJIA, DOW, KBW, KRX, Markets Rally, NASDAQ, oil, Regional Bank Index, S&P 500, US Debt, US debt Deal, VIX, Volatility Index | Leave a comment »
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