Updated from 12:11 p.m. EST
Stocks in New York were rallying Tuesday afternoon as traders sorted through some encouraging quarterly earnings reports and polls across the nation opened for the U.S. presidential election.
The Dow Jones Industrial Average was gaining 270 points to 9590, and the S&P 500 was up 34 points to 1000. The Nasdaq was tacking on 51 points to 1778.
"I wouldn't hang my hat on it," said Chris Johnson, CEO and chief investment strategist for Johnson Research, of today's rally in the major averages. He said that the markets have lately been extremely oversold and that recent upward price action has been on fairly low volume. "This is a step in the right direction, but it's certainly not the green light we've been looking for in terms of the longer-term opportunity." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,461.15 | 1,110.17 | 2,210.08 | 35.94 |
Oil *
72.25
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39.90
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3.94
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2.02
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UP
0.48
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10 Yr
3.59%
SPDR Gold
110.07
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-0.38%
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-0.35%
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+1.35%
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