The Dow logged its best day since July 20
| 10/14/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Strong Start to Earnings Season Gives Stocks Massive Boost | By: Lillian Currens | Stocks saw a notable surge today, with the Dow scoring a 534-point pop, its largest single-session gain since July 20. The S&P 500 logged its best win since March 5, while and Nasdaq tallied its best day since May 20. With another earnings season now in full swing, well-received reports from Bank of America (BAC) and Morgan Stanley (MS) are helping boost sentiment on Wall Street. Elsewhere, the 10-year Treasury yield cooled off, giving the broader tech sector a lift. On the data front, a round of weekly jobless claims came in at 293,000, marking the first time that number has fallen below 300,000 since the pandemic began. Meanwhile, September's producer price index (PPI) came in at a slimmer-than-expected 0.5%, though it still rose for the month. Amid all this optimism, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged its third straight loss and lowest close since Sept. 3. Continue reading for more on today's market, including: - See why this pharma stock is buzzing.
- These 2 retail stocks should be avoided right now.
- Plus, the best type of stock for every portfolio; a homebuilding stock to watch; and Netflix gears up for earnings.
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