The DJIA edged higher on the heels of surging crude oil futures
It was a push-and-pull day for stocks, but the
Dow Jones Industrial Average (DJIA) eventually settled higher for its sixth win in seven sessions. Surging crude oil futures helped lift the energy sector, as hope spread that major oil producers -- including members of the Organization of the Petroleum Exporting Countries (OPEC) -- will
take action to stabilize crude oil output at a meeting later this month. All eyes now turn to Europe, where the European Central Bank (ECB) is expected to
announce additional stimulus measures after its meeting tomorrow.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJIA - 17,000.36) added 36.3 points, or 0.2%, to take back the 17,000 level -- albeit barely. Half of the 30 Dow components closed higher, led by Chevron Corporation's (NYSE:CVX) 4.6% surge. Nike Inc (NYSE:NKE) was the biggest loser, settling 2.5% lower.
The S&P 500 Index (SPX - 1,989.26) picked up 10 points, or 0.5%. The Nasdaq Composite (COMP - 4.674.38), meanwhile, added 25.6 points, or 0.6%.
The CBOE Volatility Index (VIX - 18.34) spiked early in the day, but ended 0.3 point, or 1.8%, lower.


5 Items on Our Radar Today:
-
-
In an effort to gain access to the Democratic presidential nominee's emails from when she served as secretary of state, the Republican National Committee (RNC) has filed two lawsuits against Hillary Clinton. Clinton is already being investigated by the FBI over her use of email services while holding office. The RNC is filing the suit because it said the State Department didn't respond to a Freedom of Information Act request in a timely fashion. (Reuters)
-
-
-


Data courtesy of Trade-Alert
Commodities:
Oil futures popped today, as investors hold out hope that major producers will take action to freeze output later this month. The April-dated contract gained $1.79, or 4.9%, to $38.29 per barrel.
Gold futures ended lower once again, their third straight loss, as the equity market rallied. Gold slated for April delivery gave back $5.50, or 0.4%, to settle at $1,257.40 per ounce.