Market Overview

S&P Hits Four-Year High; Oil, Gold Rally


Originally published on Fox Business

FOX Business: The Power to Prosper

The broad S&P 500 climbed to its highest level in more than four years, while oil zoomed greater than 1% to the upside, helped by a weaker U.S. dollar.

Today's Markets

As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 8.6 points, or 0.07%, to 13276, the S&P 500 gained 4.7 points, or 0.33%, to 1423 and the Nasdaq Composite climbed 11.8 points, or 0.39%, to 3088.

The Dow, which tracks only 30 major industrial stocks, is sitting within striking distance of its highest mark since the end of 2007. The U.S. dollar fell 0.5% against a basket of six world currencies to its lowest level since July 4. Meanwhile, the euro rallied 0.89% to $1.2456. Commodities that are traded in dollars often move in the opposite direction of the currency.

Continue reading this article here.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Best Buy 2Q Disappoints, Buybacks Suspended

Fluidigm Completes Public Offering of $60M