The U.S. stock market opened Thursday's trading session
higher, but share prices fell throughout most of the session,
finishing near the unchanged mark. The Dow Jones Industrial
Average closed down a little more than 18 points to 13,326. The
widely watched blue-chip average traded in a range between 13,326
The SPDR S&P 500 ETF (NYSE:
) recorded a gain of 0.06 percent and closed at $143.36. Volume
was light again as investors gear up for the third-quarter
earnings season. Around 103 million SPY shares traded hands
compared to a 3-month daily average of 121 million.
The PowerShares QQQ Trust ETF (NASDAQ:
), which tracks the performance of the Nasdaq 100, fell 0.31
percent to $66.71. Volume was also lighter than normal in the QQQ
with 28.5 million shares trading versus a 3 month average of 35
Crude oil rose on the session despite lackluster risk
sentiment in equities. NYMEX crude futures added 1.33 percent to
$92.46 while Brent contracts climbed 1.39 percent to $115.92. The
United States Oil Fund ETF (NYSE:
) registered a gain of 1.33 percent and closed at $34.29.
Gold was also slightly higher on the day, but silver futures
fell. COMEX gold added 0.20 percent to $1,768.70 while silver
lost 0.29 percent to $34.010. The heavily traded SPDR Gold Trust
) rose 0.28 percent to close at $171.32.
Money flowed into U.S. Treasuries for the second day, with the
iShares Barclays 20+ Year Treasury Bond ETF (NYSE:
) adding 0.69 percent to $123.66. The yield on the 10-Year Note
fell less than a basis point to 1.67 percent.
The U.S. dollar was slightly lower on Thursday. The
PowerShares DB US Dollar Index Bullish ETF (NYSE:
), which tracks the performance of the greenback versus a basket
of foreign currencies, lost 0.16 percent to $21.86. The closely
watched EUR/USD pair was last up 0.64 percent to $1.2930.
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