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Stock Indexes Break Out to Record Highs


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The  Dow Jones Industrial Average (DJIA)  spent most of the session flirting with breakeven, with upside momentum capped by Apple shares. However, the Dow broke out in late-day trading, notching another record-high close and a fourth straight win. Likewise, the  Nasdaq Composite (COMP)  eked out a win for a second consecutive record close, while the  S&P 500 Index ( SPX managed another all-time high of its own. The energy sector outperformed, after an upbeat note about crude demand from the International Energy Agency (IEA) acted as a boon for oil prices . Plus, tax reform entered the picture for the second straight day, and traders digested the latest producer price index ahead of tomorrow's inflation data. 

Continue reading for more on today's market, including:

The Dow Jones Industrial Average (DJIA - 22,158.18)  rose by 39.3 points,or 0.2%, for its best close ever. Twenty-one of 30 Dow stocks closed above breakeven, led by Chevron's 1.5% rise. Caterpillar was the biggest loser, falling 1.1%. 

The  S&P 500 Index (SPX - 2,498.37) closed up 1.9 point, or 0.1%, and earlier touched a record intraday high of 2,498.37. The  Nasdaq Composite (COMP - 6,460.19)  added 5.9 points, or 0.1%. 

The  CBOE Volatility Index (VIX - 10.50)  lost 0.1 point, or 0.8%. 

Closing Indexes Summary Sept 13
NYSEandNasdaq September 13

5 Items on Our Radar Today

  1. Independent Vermont Senator Bernie Sanders today introduced a single-payer healthcare bill . The "Medicare for All" bill has already been backed by at least 15 Democratic senators. ( ABC News )
  2. It's now been confirmed that Los Angeles will host the 2028 Olympics . The International Olympic Committee (IOC) announced the news today, while revealing the 2024 games will go to Paris. ( CNN )
  3. Inside Target stock 's big day. 
  4. How Apple crushed this tech stock
  5. An uninspiring Tesla bull note

Unusul Options Avtivity Sept 13
Data courtesy of  Trade-Alert

Commodities

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Options
Referenced Symbols: SPX , AAPL


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