The Dow added 409 points today, as investor sentiment bounced back
Wall Street enjoyed healthy gains to close out both the day and week. The Dow and S&P 500 each marked a fresh round of record highs, while both indexes and the Nasdaq all ticked off a fifth consecutive weekly win.
Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX) clung to just above 20 for the fifth-straight day, despite posting a loss for the session. Next week will host earnings season in full swing, with more banks and blue chips on the docket, such as Goldman Sachs (GS) and Johnson & Johnson (JNJ).
Continue reading for more on today's market, including:
- JPMorgan Chase Stock powers the Dow.
- Strategies for earnings season trading.
- Plus, an ETF to watch; DRI flashes a bull signal; and more bank earnings to unpack.
5 Things to Know Today
- Two brother accused of insider trading could be looking at several years in prison, per prosecutors. (CNBC)
- Amid its earnings report, BlackRock (BLK) revealed its assets have touched $11.5 trillion. (MarketWatch)
- Small cap ETF facing a crossroad.
- Bull signal flashing on Olive Garden parent.
- The bank earnings deluge didn't stop with JPM.
Oil, Gold Post Comfortable Weekly Wins
Despite the continued weight of Middle East tensions pushing crude to a loss for the session, oil grabbed a second-straight weekly gain. November-dated West Texas Intermediate (WTI) crude fell 29 cents, or 0.4%, to settle at $75.56 per barrel for the day, but rose 1.6% for the week.
This week's slew of Fed buzz and economic data sent gold futures sent gold higher for the day and week. Gold for December delivery added 1.3% to trade at $2,674.40, at last glance this afternoon, and for the week climbed around 0.4%.