U.S. equities traded lower for most of the session on Monday,
but a late day rally helped to push all of the major averages
into positive territory. The Dow Jones Industrial Average closed
up a little more than 2 points at 13,346. The widely watched
blue-chip index traded in a range between 13,235 and 13,368.
The SPDR S&P 500 ETF (NYSE:
) added 0.01 percent to $143.41. Volume was light once again with
only 108.1 million SPY shares trading hands compared to a 3-month
daily average of 121.8 million.
The PowerShares QQQ Trust ETF (NASDAQ:
), which tracks the performance of the Nasdaq 100, climbed 0.52
percent to close at $66.02. The broader Nasdaq stock market added
0.38 percent to 3,017.
Crude oil was lower to start the week. NYMEX crude futures
were trading down 1.48 percent to $89.10 in the electronic
session. Brent crude futures had lost 0.39 percent to $109.71.
The United States Oil Fund ETF (NYSE:
) fell 1.32 percent to $32.90.
Gold and silver notched moderate gains on Monday. COMEX gold
futures added 0.28 percent to $1,728.80 while silver futures were
0.94 percent higher to $32.40. The heavily traded SPDR Gold Trust
) gained 0.38 percent to $167.58.
Treasuries fell on the session after rallying on Friday. The
iShares Barclays 20+ Year Treasury Bond ETF (NYSE:
) fell 0.62 percent to $120.96. The yield on the 10-Year Note
rose 4.8 basis points to 1.81 percent.
The U.S. dollar was flat on the day. The PowerShares DB US
Dollar Index Bullish ETF (NYSE:
), which tracks the performance of the greenback versus a basket
of foreign currencies, finished unchanged. The closely watched
EUR/USD pair was last trading at $1.3046.
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