What Happened in the Stock Market Today
After a stellar start to the week on Monday as investors watched Tropical Storm Irma begin to fade, U.S. stocks extended their gains today. The Dow Jones Industrial Average (DJINDICES: ^DJI) rose a solid 61 points, while the S&P 500 (SNPINDEX: ^GSPC) delivered a similarly modest gain to close at an all-time high.
Data source: Yahoo! Finance.
Financials stocks continued to rally as the benchmark 10-Year Treasury yield climbed to 2.170% (from 2.125% late Monday), helping the Financial Select Sector SPDR Fund (NYSEMKT: XLF) rise another 1.2%. Oil stocks fared even better, with the SPDR S&P Oil and Gas Exploration and Production ETF (NYSEMKT: XOP) jumping 2.2%, thanks to rising oil prices following new data showing decreased production from Saudi Arabia in August.
Source: Fool.com
